ICZOOM Group Inc. (NASDAQ:IZM) Short Interest Down 52.9% in April

ICZOOM Group Inc. (NASDAQ:IZM) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 52,488 shares, a drop of 52.9% from the April 15th total of 111,546 shares. Based on an average daily trading volume, of 124,237 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

ICZOOM Group Price Performance

Shares of ICZOOM Group stock traded down $0.02 during trading hours on Friday, reaching $0.39. The company had a trading volume of 75,781 shares, compared to its average volume of 1,276,485. ICZOOM Group has a one year low of $0.31 and a one year high of $2.74. The business has a fifty day simple moving average of $0.48 and a 200 day simple moving average of $1.05.

Hedge Funds Weigh In On ICZOOM Group

A number of large investors have recently made changes to their positions in IZM. Susquehanna International Group LLP bought a new position in shares of ICZOOM Group in the third quarter worth $57,000. Jane Street Group LLC bought a new position in shares of ICZOOM Group in the fourth quarter worth $45,000. Finally, XTX Topco Ltd bought a new position in shares of ICZOOM Group in the fourth quarter worth $48,000. 34.25% of the stock is owned by institutional investors.

ICZOOM Group Company Profile

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.