Short Interest in Lobo EV Technologies Ltd (NASDAQ:LOBO) Decreases By 38.2%

Lobo EV Technologies Ltd (NASDAQ:LOBOGet Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 137,852 shares, a decrease of 38.2% from the June 30th total of 223,213 shares. Based on an average daily volume of 494,158 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.6% of the shares of the stock are sold short.

Lobo EV Technologies Trading Down 3.0%

Shares of NASDAQ:LOBO traded down $0.02 on Thursday, hitting $0.69. The company’s stock had a trading volume of 12,373 shares, compared to its average volume of 2,353,678. The company has a 50-day simple moving average of $0.74 and a 200 day simple moving average of $0.63. Lobo EV Technologies has a 1 year low of $0.35 and a 1 year high of $1.48. 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:LOBOGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $5.56 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Read Our Latest Report on LOBO

Lobo EV Technologies Company Profile

(Get Free Report)

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.

Further Reading

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