Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Update

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 40,660 shares, a decrease of 20.3% from the February 26th total of 51,028 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 24,458 shares, the days-to-cover ratio is currently 1.7 days.

Lobo EV Technologies Trading Down 4.9%

LOBO traded down $0.02 during trading on Wednesday, hitting $0.43. 4,322 shares of the stock traded hands, compared to its average volume of 64,559. Lobo EV Technologies has a twelve month low of $0.35 and a twelve month high of $2.41. The company has a quick ratio of 0.69, a current ratio of 1.56 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $0.55 and a 200 day moving average price of $0.68.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lobo EV Technologies in a research report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Lobo EV Technologies

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.