EZGO Technologies Ltd. (NASDAQ:EZGO) Stock Short Interest Falls 50.2%

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 12,432 shares, a decrease of 50.2% from the September 30th total of 24,967 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 92,374 shares, the days-to-cover ratio is presently 0.1 days.

EZGO Technologies Stock Up 2.0%

Shares of NASDAQ EZGO traded up $0.02 during mid-day trading on Monday, reaching $0.77. 75,254 shares of the company were exchanged, compared to its average volume of 425,619. The company’s 50 day moving average price is $0.87 and its 200 day moving average price is $87.09. EZGO Technologies has a 52 week low of $0.70 and a 52 week high of $1,098.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.91 and a current ratio of 3.07.

EZGO Technologies (NASDAQ:EZGO) last issued its quarterly earnings data on Friday, August 14th. The company reported ($26.49) EPS for the quarter. The firm had revenue of $3.18 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered EZGO Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, EZGO Technologies presently has a consensus rating of “Sell”.

EZGO Technologies Company Profile

EZGO Technologies Ltd. (NASDAQ: EZGO) is a China-based company focused on short-distance transportation and electric mobility products. Through its operating subsidiaries, the company designs, manufactures and sells electric vehicles and related products for personal, commercial and shared transportation applications.

Its product portfolio includes electric bicycles, electric tricycles, electric scooters, electric carts and other low-speed electric vehicles. EZGO also offers battery packs and related components and has developed products intended for uses such as urban transportation, delivery and mobility services.

The company is based in Changzhou, Jiangsu Province, China, and primarily serves the Chinese market through direct sales and distribution channels.