EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Large Decrease in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 44,492 shares, a decrease of 32.2% from the December 15th total of 65,616 shares. Based on an average trading volume of 63,126 shares, the short-interest ratio is presently 0.7 days. Approximately 8.4% of the shares of the stock are short sold. Approximately 8.4% of the shares of the stock are short sold. Based on an average trading volume of 63,126 shares, the short-interest ratio is presently 0.7 days.

EZGO Technologies Stock Performance

EZGO traded down $0.02 during trading on Friday, hitting $2.01. The company’s stock had a trading volume of 43,556 shares, compared to its average volume of 68,668. The firm’s 50 day moving average price is $2.26 and its two-hundred day moving average price is $4.86. The company has a current ratio of 3.21, a quick ratio of 3.18 and a debt-to-equity ratio of 0.13. EZGO Technologies has a 12 month low of $1.41 and a 12 month high of $17.24.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of EZGO Technologies in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of EZGO Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

EZGO Technologies Company Profile

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.