Fly-E Group, Inc. (NASDAQ:FLYE) Sees Large Decline in Short Interest

Posted by Ethan Ryder on Jul 13th, 2026

Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 29,178 shares, a decrease of 69.5% from the June 15th total of 95,675 shares. Based on an average daily volume of 16,509 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.9% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fly-E Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Get Our Latest Analysis on FLYE

Fly-E Group Stock Performance

Shares of NASDAQ FLYE traded down $0.03 during trading hours on Monday, reaching $2.04. The stock had a trading volume of 1,506 shares, compared to its average volume of 177,586. Fly-E Group has a twelve month low of $1.62 and a twelve month high of $161.80. The business’s fifty day moving average is $1.99 and its two-hundred day moving average is $3.14.

Fly-E Group (NASDAQ:FLYE – Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported ($1.18) EPS for the quarter. The company had revenue of $2.65 million during the quarter.

Institutional Investors Weigh In On Fly-E Group

A hedge fund recently bought a new stake in Fly-E Group stock. Renaissance Technologies LLC bought a new stake in Fly-E Group, Inc. (NASDAQ:FLYE – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,600 shares of the company’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned about 0.77% of Fly-E Group at the end of the most recent quarter.

About Fly-E Group

(Get Free Report)

FlyE Group, Inc, incorporated as a Cayman Islands exempted company, is a special purpose acquisition company (SPAC) formed to identify, acquire, and combine with one or more businesses. As a blank?check entity, its primary operations involve raising capital through an initial public offering and seeking a merger, capital stock exchange, asset acquisition, or similar business combination with a target company.

In September 2021, FlyE Group completed its IPO and began trading on the Nasdaq Stock Market under the ticker symbol FLYE.