EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Significant Drop in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 12,432 shares, a decline of 50.2% from the September 30th total of 24,967 shares. Based on an average daily volume of 92,374 shares, the short-interest ratio is presently 0.1 days. Currently, 0.9% of the company’s stock are sold short.

EZGO Technologies Stock Performance

NASDAQ EZGO traded up $0.01 on Friday, hitting $0.76. The stock had a trading volume of 15,241 shares, compared to its average volume of 67,467. The business’s fifty day moving average price is $0.87 and its 200 day moving average price is $87.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.07 and a quick ratio of 2.91. EZGO Technologies has a 52-week low of $0.70 and a 52-week high of $1,098.75.

EZGO Technologies (NASDAQ:EZGO) last issued its quarterly earnings data on Friday, August 14th. The company reported ($26.49) EPS for the quarter. The firm had revenue of $3.18 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of EZGO Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, EZGO Technologies has a consensus rating of “Sell”.

EZGO Technologies Company Profile

EZGO Technologies Ltd. (NASDAQ: EZGO) is a China-based company focused on short-distance transportation and electric mobility products. Through its operating subsidiaries, the company designs, manufactures and sells electric vehicles and related products for personal, commercial and shared transportation applications.

Its product portfolio includes electric bicycles, electric tricycles, electric scooters, electric carts and other low-speed electric vehicles. EZGO also offers battery packs and related components and has developed products intended for uses such as urban transportation, delivery and mobility services.

The company is based in Changzhou, Jiangsu Province, China, and primarily serves the Chinese market through direct sales and distribution channels.