ICZOOM Group Inc. (NASDAQ:IZM) Stock Short Interest Drops 64.0%

ICZOOM Group Inc. (NASDAQ:IZM) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 58,774 shares, a decrease of 64.0% from the August 31st total of 163,183 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 52,122 shares, the days-to-cover ratio is currently 1.1 days.

ICZOOM Group Stock Down 3.5%

IZM traded down $0.04 during midday trading on Monday, reaching $1.25. 46,754 shares of the company’s stock were exchanged, compared to its average volume of 247,126. ICZOOM Group has a one year low of $1.02 and a one year high of $13.65. The business has a 50-day simple moving average of $1.25 and a two-hundred day simple moving average of $1.81.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ICZOOM Group in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About ICZOOM Group

ICZOOM Group Limited operates a business-to-business e-commerce platform that connects suppliers of electronic components with small and medium-sized manufacturing companies. The company provides an online procurement channel designed to help business customers source components and related products from multiple suppliers.

Products available through the platform include integrated circuits, semiconductors, capacitors, resistors, connectors, sensors, modules and other electronic parts and components.