ICZOOM Group Inc. (NASDAQ:IZM) Short Interest Down 37.1% in December

ICZOOM Group Inc. (NASDAQ:IZM) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 40,656 shares, a decrease of 37.1% from the November 30th total of 64,655 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 48,626 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 48,626 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ICZOOM Group stock. Susquehanna International Group LLP bought a new stake in ICZOOM Group Inc. (NASDAQ:IZM) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,056 shares of the company’s stock, valued at approximately $57,000. Susquehanna International Group LLP owned about 0.30% of ICZOOM Group as of its most recent filing with the SEC. 34.25% of the stock is currently owned by institutional investors and hedge funds.

ICZOOM Group Stock Performance

Shares of IZM stock opened at $1.93 on Friday. ICZOOM Group has a 52 week low of $0.87 and a 52 week high of $2.74. The company’s 50 day moving average price is $1.34 and its two-hundred day moving average price is $2.08.

ICZOOM Group (NASDAQ:IZM) last released its quarterly earnings results on Friday, October 24th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $48.35 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of ICZOOM Group in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

ICZOOM Group Company Profile

iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.

The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.