Lobo EV Technologies Ltd (NASDAQ:LOBO – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 360,648 shares, a growth of 170.2% from the September 30th total of 133,454 shares. Based on an average daily volume of 863,500 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.1% of the company’s stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Lobo EV Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Lobo EV Technologies currently has an average rating of “Sell”.
View Our Latest Stock Analysis on LOBO
Lobo EV Technologies Stock Down 2.6%
Shares of LOBO traded down $0.01 during mid-day trading on Friday, hitting $0.42. The company’s stock had a trading volume of 58,217 shares, compared to its average volume of 2,544,363. Lobo EV Technologies has a one year low of $0.36 and a one year high of $1.48. The stock’s 50-day moving average is $0.54 and its two-hundred day moving average is $0.61.
Lobo EV Technologies (NASDAQ:LOBO – Get Free Report) last posted its quarterly earnings results on Saturday, September 19th. The company reported ($0.04) EPS for the quarter. The business had revenue of $7.29 million during the quarter.
About Lobo EV Technologies
Lobo EV Technologies Limited is a China-based manufacturer of electric vehicles and related mobility products. The company focuses on the research, development, production and sale of low-speed electric vehicles designed for personal transportation and short-distance mobility.
Its product offerings include electric bicycles, electric tricycles, electric scooters and other electric-powered vehicles. Lobo also provides related components and accessories for its vehicles, supporting customers in a range of transportation and utility applications.
Founded in 2003 and headquartered in Wuxi, China, Lobo serves customers primarily through the Chinese market.
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