Jianzhi Education Technology Group Company Ltd. Sponsored ADR (NASDAQ:JZ) Shares Shorted: Short Interest Up 346.5% in October

Jianzhi Education Technology Group Company Ltd. Sponsored ADR (NASDAQ:JZ) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 996,510 shares, a growth of 346.5% from the September 30th total of 223,193 shares. Based on an average daily trading volume, of 32,627,633 shares, the short-interest ratio is presently 0.0 days. Approximately 6.9% of the company’s stock are short sold.

Jianzhi Education Technology Group Stock Performance

Jianzhi Education Technology Group stock opened at $0.99 on Wednesday. The stock’s fifty day moving average is $1.07 and its two-hundred day moving average is $459.70. Jianzhi Education Technology Group has a 1-year low of $0.37 and a 1-year high of $164.00.

Jianzhi Education Technology Group’s stock is set to reverse split on the morning of Thursday, October 29th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, October 28th.

Jianzhi Education Technology Group (NASDAQ:JZ) last released its quarterly earnings data on Friday, August 28th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.79 million during the quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen cut shares of Jianzhi Education Technology Group from a “sell” rating to a “strong sell” rating in a report on Saturday, October 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Jianzhi Education Technology Group in a report on Friday, September 4th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Jianzhi Education Technology Group Company Profile

Jianzhi Education Technology Group Company Limited is a China-based education technology company that develops and provides digital educational content and related services. The company focuses on supporting schools, teachers and students through technology-enabled learning products, educational resources and online platforms.

Its offerings include digital course materials, online learning tools and services for vocational and continuing education. Jianzhi Education also provides education-related technology solutions intended to support teaching, training, academic administration and the digital transformation of educational institutions.

The company primarily serves the education market in China, including schools, universities, vocational institutions and other education providers.