Short Interest in EZGO Technologies Ltd. (NASDAQ:EZGO) Rises By 140.6%

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 65,616 shares, a growth of 140.6% from the November 30th total of 27,270 shares. Currently, 12.6% of the company’s shares are sold short. Based on an average daily trading volume, of 101,701 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 101,701 shares, the days-to-cover ratio is currently 0.6 days. Currently, 12.6% of the company’s shares are sold short.

EZGO Technologies Price Performance

NASDAQ EZGO traded down $0.05 during mid-day trading on Friday, reaching $1.95. 58,301 shares of the company’s stock traded hands, compared to its average volume of 82,254. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 1.85. EZGO Technologies has a 1-year low of $1.41 and a 1-year high of $27.50. The company has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $5.52.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EZGO. Weiss Ratings restated a “sell (e+)” rating on shares of EZGO Technologies in a report on Wednesday, October 8th. Wall Street Zen upgraded EZGO Technologies to a “sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

EZGO Technologies Company Profile

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.