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

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 121,160 shares, a drop of 74.5% from the May 31st total of 474,386 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 7,766,133 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Lobo EV Technologies Stock Down 3.2%

NASDAQ LOBO traded down $0.02 during trading hours on Monday, hitting $0.67. 66,140 shares of the company’s stock were exchanged, compared to its average volume of 4,477,200. The business’s 50 day moving average is $0.70 and its 200-day moving average is $0.63. Lobo EV Technologies has a 12-month low of $0.35 and a 12-month high of $1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.63 and a current ratio of 1.39.

Lobo EV Technologies (NASDAQ:LOBO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $5.56 million during the quarter.

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.