ICZOOM Group Inc. (NASDAQ:IZM) Short Interest Down 37.1% in December

ICZOOM Group Inc. (NASDAQ:IZM) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 40,656 shares, a decrease of 37.1% from the November 30th total of 64,655 shares. Based on an average daily volume of 48,626 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 48,626 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of ICZOOM Group in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

ICZOOM Group Trading Up 8.4%

IZM stock traded up $0.19 during midday trading on Tuesday, hitting $2.45. The company’s stock had a trading volume of 158,187 shares, compared to its average volume of 157,043. ICZOOM Group has a 12 month low of $0.87 and a 12 month high of $2.74. The company has a 50 day moving average of $1.36 and a two-hundred day moving average of $2.08.

ICZOOM Group (NASDAQ:IZM) last released its earnings results on Friday, October 24th. The company reported $0.02 EPS for the quarter. The company had revenue of $48.35 million during the quarter.

Institutional Trading of ICZOOM Group

A hedge fund recently bought a new stake in ICZOOM Group stock. Susquehanna International Group LLP bought a new stake in shares of ICZOOM Group Inc. (NASDAQ:IZM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,056 shares of the company’s stock, valued at approximately $57,000. Susquehanna International Group LLP owned about 0.30% of ICZOOM Group as of its most recent filing with the Securities and Exchange Commission. 34.25% of the stock is owned by institutional investors.

About ICZOOM Group

iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.

The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.