EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Update

EZGO Technologies Ltd. (NASDAQ:EZGO) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 22,286 shares, a drop of 99.2% from the May 14th total of 2,895,784 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 1,128,297 shares, the days-to-cover ratio is presently 0.0 days.

EZGO Technologies Stock Performance

Shares of EZGO stock traded down $0.14 during trading hours on Thursday, hitting $1.50. 189,029 shares of the company’s stock were exchanged, compared to its average volume of 510,315. EZGO Technologies has a 12-month low of $1.28 and a 12-month high of $2,585.63. The business’s 50 day simple moving average is $99.63 and its 200-day simple moving average is $207.64. The company has a current ratio of 3.21, a quick ratio of 3.18 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About EZGO Technologies

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.