Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Up 184.0% in March

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 190,805 shares, an increase of 184.0% from the February 26th total of 67,196 shares. Currently, 36.4% of the company’s shares are sold short. Based on an average trading volume of 6,160,476 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 6,160,476 shares, the days-to-cover ratio is presently 0.0 days. Currently, 36.4% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

JZXN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Jiuzi currently has an average rating of “Sell”.

Jiuzi Stock Down 5.2%

JZXN traded down $0.06 on Wednesday, hitting $1.08. The company had a trading volume of 18,922 shares, compared to its average volume of 3,691,097. The company’s fifty day moving average price is $1.45 and its 200 day moving average price is $9.54. Jiuzi has a 1 year low of $0.75 and a 1 year high of $312.80.

Hedge Funds Weigh In On Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP purchased a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned 1.23% of Jiuzi as of its most recent SEC filing. 0.62% of the stock is currently owned by hedge funds and other institutional investors.

About Jiuzi

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.