Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Large Decline in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 64,615 shares, a drop of 65.6% from the June 15th total of 188,013 shares. Based on an average daily volume of 129,875 shares, the short-interest ratio is currently 0.5 days. Approximately 12.3% of the shares of the stock are sold short.

Jiuzi Stock Down 3.3%

Shares of JZXN stock traded down $0.04 during trading hours on Wednesday, hitting $1.19. The company’s stock had a trading volume of 338,927 shares, compared to its average volume of 4,131,185. The business has a fifty day moving average of $1.24 and a 200-day moving average of $1.32. Jiuzi has a twelve month low of $0.75 and a twelve month high of $95.20.

Hedge Funds Weigh In On Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Anson Funds Management LP acquired a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned about 1.23% of Jiuzi as of its most recent SEC filing. 0.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.