Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Down 50.5% in August

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 47,015 shares, a drop of 50.5% from the July 30th total of 95,066 shares. Based on an average daily trading volume, of 49,407 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Lobo EV Technologies Price Performance

Shares of NASDAQ:LOBO traded down $0.03 during mid-day trading on Friday, hitting $0.62. The company had a trading volume of 95,551 shares, compared to its average volume of 34,863. The firm has a fifty day moving average price of $0.69 and a 200 day moving average price of $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 has a one year low of $0.36 and a one year high of $1.48.

Lobo EV Technologies Company Profile

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.