EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Down 36.2% in July

EZGO Technologies Ltd. (NASDAQ:EZGO) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 30,444 shares, a decrease of 36.2% from the July 15th total of 47,725 shares. Based on an average daily trading volume, of 156,695 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.2% of the company’s stock are sold short.

EZGO Technologies Stock Performance

EZGO stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.96. The company had a trading volume of 7,874 shares, compared to its average volume of 526,041. EZGO Technologies has a one year low of $0.88 and a one year high of $1,811.25. The stock’s 50-day simple moving average is $1.21 and its two-hundred day simple moving average is $105.25.

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

Wall Street Analyst Weigh In

EZGO has been the topic of several research reports. Weiss Ratings raised EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of EZGO Technologies to a “sell” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About EZGO Technologies

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.