Fly-E Group, Inc. (NASDAQ:FLYE) Short Interest Down 54.9% in August

Posted by Max Byerly on Sep 14th, 2026

Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 2,562 shares, a decrease of 54.9% from the August 15th total of 5,675 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 6,315 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Fly-E Group

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Fly-E Group in the 1st quarter valued at approximately $26,000. XTX Topco Ltd acquired a new position in Fly-E Group in the second quarter worth approximately $31,000. Finally, Citadel Advisors LLC bought a new position in Fly-E Group during the second quarter valued at approximately $31,000.

Fly-E Group Stock Performance

Shares of NASDAQ FLYE traded up $0.01 during mid-day trading on Monday, reaching $1.85. The company had a trading volume of 3,393 shares, compared to its average volume of 624,949. Fly-E Group has a twelve month low of $1.36 and a twelve month high of $22.00. The stock has a market capitalization of $3.02 million, a PE ratio of -0.23 and a beta of -0.65. The stock’s 50 day moving average is $1.83 and its 200-day moving average is $1.96.

Fly-E Group (NASDAQ:FLYE – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported ($2.41) earnings per share (EPS) for the quarter. The company had revenue of $2.75 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fly-E Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on FLYE

Fly-E Group Company Profile

(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.