ICZOOM Group Inc. (NASDAQ:IZM) Sees Large Drop in Short Interest

ICZOOM Group Inc. (NASDAQ:IZM) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 29,414 shares, a decline of 50.0% from the September 15th total of 58,774 shares. Based on an average trading volume of 188,444 shares, the short-interest ratio is currently 0.2 days. Currently, 1.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of ICZOOM Group in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

ICZOOM Group Stock Performance

ICZOOM Group stock traded down $0.31 during midday trading on Wednesday, reaching $0.95. The stock had a trading volume of 421,892 shares, compared to its average volume of 347,517. ICZOOM Group has a 52-week low of $0.85 and a 52-week high of $13.65. The company has a fifty day moving average of $1.19 and a 200 day moving average of $1.69.

ICZOOM Group Company Profile

ICZOOM Group Inc (NASDAQ: IZM) operates a business-to-business e-commerce platform focused on the procurement and distribution of electronic components and related industrial products. The company’s platform is designed to provide small and medium-sized businesses with access to products from multiple suppliers through an integrated online purchasing experience.

Its product offerings include semiconductors, integrated circuits, discrete components, passive components, electromechanical components, modules and other electronic parts.