ICZOOM Group Inc. (NASDAQ:IZM) Sees Large Growth in Short Interest

ICZOOM Group Inc. (NASDAQ:IZM) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 51,657 shares, a growth of 75.6% from the September 30th total of 29,414 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average trading volume of 2,067,736 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of ICZOOM Group in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ICZOOM Group Trading Down 7.8%

Shares of ICZOOM Group stock traded down $0.06 on Friday, reaching $0.68. The stock had a trading volume of 16,954 shares, compared to its average volume of 1,150,435. ICZOOM Group has a 1 year low of $0.66 and a 1 year high of $13.65. The business’s 50 day moving average is $1.07 and its two-hundred day moving average is $2.39.

About ICZOOM Group

ICZOOM Group Inc operates a business-to-business e-commerce platform that helps small and medium-sized enterprises in China source electronic components and other industrial products. Through its online marketplace, the company connects business customers with suppliers and supports procurement, order management and fulfillment.

The company’s product offerings include semiconductors, integrated circuits, capacitors, resistors, connectors, sensors, modules and other electronic components used in manufacturing and technology applications.