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

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 35,447 shares, a decline of 62.3% from the July 30th total of 94,060 shares. Based on an average trading volume of 409,056 shares, the days-to-cover ratio is currently 0.1 days. Approximately 6.8% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research analysts have weighed in on JZXN shares. Wall Street Zen cut shares of Jiuzi to a “strong sell” rating in a report on Saturday, July 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Jiuzi Stock Up 3.5%

Shares of NASDAQ JZXN traded up $0.04 during trading on Friday, hitting $1.17. The company had a trading volume of 43,910 shares, compared to its average volume of 3,697,143. Jiuzi has a fifty-two week low of $0.75 and a fifty-two week high of $95.20. The stock has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $1.24.

Jiuzi (NASDAQ:JZXN) last issued its quarterly earnings results on Friday, July 17th. The company reported ($43.92) earnings per share for the quarter. The company had revenue of $3.57 million for the quarter.

Institutional Trading of Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Sabby Management LLC bought a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises approximately 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th biggest position. Sabby Management LLC owned approximately 14.13% of Jiuzi at the end of the most recent quarter. Hedge funds and other institutional investors own 0.62% of the company’s stock.

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.