Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Update

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 67,196 shares, a decrease of 73.7% from the February 12th total of 255,038 shares. Approximately 12.8% of the company’s shares are short sold. Based on an average daily volume of 1,473,464 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,473,464 shares, the days-to-cover ratio is currently 0.0 days. Approximately 12.8% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

JZXN has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Jiuzi presently has a consensus rating of “Sell”.

Jiuzi Trading Down 10.8%

Shares of NASDAQ JZXN traded down $0.15 during midday trading on Wednesday, reaching $1.24. 222,408 shares of the stock were exchanged, compared to its average volume of 4,441,626. Jiuzi has a 12 month low of $0.75 and a 12 month high of $312.80. The business has a 50-day simple moving average of $1.59 and a two-hundred day simple moving average of $11.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC acquired a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises about 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest holding. Sabby Management LLC owned approximately 14.13% of Jiuzi as of its most recent SEC filing. 0.62% of the stock is owned by institutional investors.

About Jiuzi

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.