Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Update

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 190,805 shares, an increase of 184.0% from the February 26th total of 67,196 shares. Based on an average daily volume of 6,160,476 shares, the days-to-cover ratio is currently 0.0 days. Currently, 36.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Jiuzi has an average rating of “Sell”.

Jiuzi Trading Down 9.2%

Shares of JZXN stock traded down $0.10 during mid-day trading on Thursday, reaching $0.99. The stock had a trading volume of 46,813 shares, compared to its average volume of 3,628,424. Jiuzi has a 12-month low of $0.75 and a 12-month high of $312.80. The business has a 50-day simple moving average of $1.44 and a 200 day simple moving average of $9.48.

Jiuzi (NASDAQ:JZXN) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($14.49) EPS for the quarter. The company had revenue of $0.95 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC acquired a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises about 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th largest holding. Sabby Management LLC owned 14.13% of Jiuzi as of its most recent SEC filing. 0.62% of the stock is currently owned by institutional investors.

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.