Short Interest in EZGO Technologies Ltd. (NASDAQ:EZGO) Decreases By 95.5%

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 941 shares, a decrease of 95.5% from the August 15th total of 20,967 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 74,449 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EZGO. Weiss Ratings reissued a “sell (e+)” rating on shares of EZGO Technologies in a report on Monday, August 24th. Wall Street Zen upgraded shares of EZGO Technologies to a “sell” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

EZGO Technologies Stock Up 0.8%

NASDAQ EZGO traded up $0.01 on Thursday, reaching $0.88. The stock had a trading volume of 25,344 shares, compared to its average volume of 66,142. EZGO Technologies has a 12-month low of $0.83 and a 12-month high of $1,098.75. The business’s 50-day moving average price is $1.05 and its 200 day moving average price is $73.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.07 and a quick ratio of 2.91.

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

About EZGO Technologies

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.