Fly-E Group, Inc. (NASDAQ:FLYE) Short Interest Down 54.9% in August

Posted by Latisha Jones on Sep 14th, 2026

Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,562 shares, a decline of 54.9% from the August 15th total of 5,675 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 6,315 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fly-E Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Fly-E Group presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on FLYE

Institutional Trading of Fly-E Group

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in shares of Fly-E Group during the second quarter valued at $31,000. Citadel Advisors LLC purchased a new stake in Fly-E Group in the 2nd quarter worth about $31,000. Finally, Renaissance Technologies LLC purchased a new stake in Fly-E Group in the 1st quarter worth about $26,000.

Fly-E Group Stock Up 0.7%

Shares of Fly-E Group stock traded up $0.01 during trading on Monday, hitting $1.85. The stock had a trading volume of 3,393 shares, compared to its average volume of 624,949. Fly-E Group has a 1 year low of $1.36 and a 1 year high of $22.00. The stock has a 50 day simple moving average of $1.83 and a 200 day simple moving average of $1.96. The company has a market capitalization of $3.02 million, a PE ratio of -0.23 and a beta of -0.65.

Fly-E Group (NASDAQ:FLYE – Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The company reported ($2.41) EPS for the quarter. The company had revenue of $2.75 million for the quarter.

Fly-E Group Company Profile

(Get Free Report)

FlyE Group, Inc, incorporated as a Cayman Islands exempted company, is a special purpose acquisition company (SPAC) formed to identify, acquire, and combine with one or more businesses. As a blank‐check entity, its primary operations involve raising capital through an initial public offering and seeking a merger, capital stock exchange, asset acquisition, or similar business combination with a target company.

In September 2021, FlyE Group completed its IPO and began trading on the Nasdaq Stock Market under the ticker symbol FLYE.