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

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,697 shares, a growth of 186.6% from the August 31st total of 941 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 38,093 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

EZGO has been the topic of several recent research reports. Wall Street Zen raised EZGO Technologies to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of EZGO Technologies in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, EZGO Technologies currently has an average rating of “Sell”.

EZGO Technologies Trading Down 16.5%

Shares of NASDAQ:EZGO traded down $0.18 during trading on Friday, reaching $0.91. The stock had a trading volume of 125,777 shares, compared to its average volume of 225,252. EZGO Technologies has a one year low of $0.74 and a one year high of $1,098.75. The company has a quick ratio of 2.91, a current ratio of 3.07 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $0.97 and its 200 day simple moving average is $57.09.

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

About EZGO Technologies

EZGO Technologies Ltd. is a China-based company focused on electric mobility products and related energy solutions. Through its subsidiaries, the company designs, manufactures and sells electric vehicles, including electric bicycles, electric tricycles and other low-speed electric vehicles intended for personal transportation, delivery and commercial use.

EZGO also develops and sells lithium-ion battery products and battery packs used in electric vehicles and other applications. Its business has included both vehicle manufacturing and the distribution of electric-vehicle components and related products, with operations primarily serving customers in China.

The company is headquartered in Changzhou, Jiangsu, China.