Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Declines By 88.7%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 27,888 shares, a drop of 88.7% from the December 15th total of 246,925 shares. Based on an average daily trading volume, of 404,101 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.6% of the shares of the company are short sold. Currently, 5.6% of the shares of the company are short sold. Based on an average daily trading volume, of 404,101 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP purchased a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned 1.23% of Jiuzi as of its most recent filing with the SEC. 0.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JZXN has been the subject of several analyst reports. Wall Street Zen raised shares of Jiuzi to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Jiuzi Trading Down 0.3%

JZXN traded down $0.01 during trading on Monday, reaching $1.82. 31,401 shares of the company traded hands, compared to its average volume of 270,997. Jiuzi has a 12-month low of $1.58 and a 12-month high of $312.80. The firm has a fifty day simple moving average of $5.42 and a 200 day simple moving average of $22.93.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.