EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Down 12.4% in February

EZGO Technologies Ltd. (NASDAQ:EZGO) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 35,228 shares, a decrease of 12.4% from the February 12th total of 40,235 shares. Based on an average trading volume of 9,760 shares, the days-to-cover ratio is currently 3.6 days. Approximately 6.6% of the company’s stock are sold short. Approximately 6.6% of the company’s stock are sold short. Based on an average trading volume of 9,760 shares, the days-to-cover ratio is currently 3.6 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of EZGO Technologies in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of EZGO Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

EZGO Technologies Stock Performance

NASDAQ EZGO opened at $1.31 on Thursday. EZGO Technologies has a 12 month low of $1.22 and a 12 month high of $17.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.21 and a quick ratio of 3.18. The stock has a 50 day moving average of $1.66 and a 200-day moving average of $2.70.

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.