Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Short Interest Update

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 7,900 shares, a decline of 96.0% from the March 31st total of 198,000 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 0.3 days.

Zapp Electric Vehicles Group Stock Performance

ZAPP stock traded down $0.79 during mid-day trading on Thursday, hitting $3.12. The company had a trading volume of 47,541 shares, compared to its average volume of 20,362. Zapp Electric Vehicles Group has a 12 month low of $2.60 and a 12 month high of $200.00. The stock’s fifty day moving average price is $4.98 and its two-hundred day moving average price is $5.52.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.