EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Significant Drop in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 30,444 shares, a decline of 36.2% from the July 15th total of 47,725 shares. Based on an average daily volume of 156,695 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EZGO. Wall Street Zen upgraded shares of EZGO Technologies to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings raised shares of EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, EZGO Technologies has a consensus rating of “Sell”.

EZGO Technologies Price Performance

EZGO Technologies stock traded up $0.01 during midday trading on Tuesday, hitting $0.96. The company’s stock had a trading volume of 7,874 shares, compared to its average volume of 526,041. The stock’s 50-day moving average price is $1.21 and its 200-day moving average price is $105.25. EZGO Technologies has a 12 month low of $0.88 and a 12 month high of $1,811.25.

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

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.