ICZOOM Group Inc. (NASDAQ:IZM) Sees Significant Decrease in Short Interest

ICZOOM Group Inc. (NASDAQ:IZM) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 40,656 shares, a decline of 37.1% from the November 30th total of 64,655 shares. Based on an average daily trading volume, of 48,626 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 48,626 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of ICZOOM Group in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

ICZOOM Group Trading Up 17.1%

Shares of NASDAQ:IZM traded up $0.33 during midday trading on Monday, hitting $2.26. The company’s stock had a trading volume of 132,893 shares, compared to its average volume of 151,531. The stock’s 50 day simple moving average is $1.35 and its 200 day simple moving average is $2.08. ICZOOM Group has a fifty-two week low of $0.87 and a fifty-two week high of $2.74.

ICZOOM Group (NASDAQ:IZM) last announced its earnings results on Friday, October 24th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $48.35 million for the quarter.

Institutional Trading of ICZOOM Group

An institutional investor recently bought a new position in ICZOOM Group stock. Susquehanna International Group LLP purchased a new position in ICZOOM Group Inc. (NASDAQ:IZM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 24,056 shares of the company’s stock, valued at approximately $57,000. Susquehanna International Group LLP owned about 0.30% of ICZOOM Group at the end of the most recent reporting period. 34.25% of the stock is owned by institutional investors and hedge funds.

About ICZOOM Group

iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.

The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.