EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Down 98.5% in April

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 6,900 shares, a decline of 98.5% from the March 31st total of 446,300 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 569,000 shares, the short-interest ratio is presently 0.0 days.

EZGO Technologies Stock Performance

Shares of NASDAQ:EZGO traded up $0.16 during midday trading on Friday, hitting $2.12. The stock had a trading volume of 193,387 shares, compared to its average volume of 472,219. The stock has a 50 day moving average price of $2.94 and a two-hundred day moving average price of $3.73. The company has a quick ratio of 4.72, a current ratio of 4.79 and a debt-to-equity ratio of 0.07. EZGO Technologies has a 1 year low of $1.52 and a 1 year high of $110.80.

Institutional Trading of EZGO Technologies

A hedge fund recently bought a new stake in EZGO Technologies stock. Sabby Management LLC acquired a new stake in EZGO Technologies Ltd. (NASDAQ:EZGO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,847,387 shares of the company’s stock, valued at approximately $406,000. EZGO Technologies accounts for 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 13th largest holding. Sabby Management LLC owned approximately 5.47% of EZGO Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 7.98% of the company’s stock.

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.