Short Interest in Lobo EV Technologies Ltd (NASDAQ:LOBO) Increases By 636.8%

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,537,405 shares, a growth of 636.8% from the April 15th total of 208,662 shares. Approximately 17.4% of the company’s shares are sold short. Based on an average daily trading volume, of 18,659,456 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Lobo EV Technologies from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lobo EV Technologies presently has an average rating of “Sell”.

Lobo EV Technologies Price Performance

LOBO stock traded down $0.00 on Tuesday, hitting $0.56. 100,258 shares of the company were exchanged, compared to its average volume of 2,474,788. Lobo EV Technologies has a twelve month low of $0.35 and a twelve month high of $2.41. The business’s fifty day moving average is $0.55 and its two-hundred day moving average is $0.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.63 and a current ratio of 1.39.

Lobo EV Technologies (NASDAQ:LOBO) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $5.56 million for the quarter.

About Lobo EV Technologies

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.