ZOOZ Power Ltd. (NASDAQ:ZOOZ) Short Interest Update

ZOOZ Power Ltd. (NASDAQ:ZOOZ) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 7,448 shares, a drop of 42.1% from the June 15th total of 12,856 shares. Based on an average daily volume of 29,243 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its position in ZOOZ Power by 347.7% during the fourth quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock worth $40,000 after purchasing an additional 71,311 shares during the last quarter. XTX Topco Ltd boosted its holdings in ZOOZ Power by 986.6% in the 4th quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock valued at $51,000 after purchasing an additional 105,459 shares during the last quarter. Bank of America Corp DE grew its stake in shares of ZOOZ Power by 1,122,810.5% in the 3rd quarter. Bank of America Corp DE now owns 213,353 shares of the company’s stock valued at $457,000 after buying an additional 213,334 shares during the period. Velan Capital Investment Management LP acquired a new stake in shares of ZOOZ Power during the 3rd quarter worth approximately $4,280,000. Finally, Pantera Capital Partners LP acquired a new stake in shares of ZOOZ Power during the 4th quarter worth approximately $1,867,000. Institutional investors and hedge funds own 38.06% of the company’s stock.

ZOOZ Power Price Performance

NASDAQ ZOOZ opened at $5.11 on Friday. The stock’s fifty day moving average is $5.58 and its two-hundred day moving average is $6.99. ZOOZ Power has a fifty-two week low of $4.55 and a fifty-two week high of $101.20.

Wall Street Analyst Weigh In

ZOOZ has been the subject of several research analyst reports. Chardan Capital reduced their target price on ZOOZ Power from $40.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Zacks Research lowered ZOOZ Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of ZOOZ Power in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $10.00.

ZOOZ Power Company Profile

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.