Jiuzi Holdings, Inc. (NASDAQ:JZXN) Stock Short Interest Jumps 216.5%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 331,971 shares, an increase of 216.5% from the September 30th total of 104,896 shares. Based on an average daily volume of 777,218 shares, the short-interest ratio is presently 0.4 days. Approximately 63.4% of the company’s shares are sold short.

Jiuzi Trading Down 4.3%

NASDAQ:JZXN traded down $0.05 during mid-day trading on Friday, hitting $1.10. The company had a trading volume of 68,265 shares, compared to its average volume of 3,206,475. Jiuzi has a fifty-two week low of $0.75 and a fifty-two week high of $13.58. The business’s fifty day moving average is $1.13 and its two-hundred day moving average is $1.25.

Analyst Ratings Changes

Several brokerages have recently issued reports on JZXN. Wall Street Zen upgraded shares of Jiuzi from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Jiuzi has a consensus rating of “Sell”.

Jiuzi Company Profile

Jiuzi Holdings, Inc is a China-based automotive retail company that operates a network of dealerships focused primarily on new energy vehicles (NEVs), including electric and hybrid automobiles. The company sells vehicles from various manufacturers through dealerships operating under the Jiuzi brand.

In addition to vehicle sales, Jiuzi’s dealership operations may provide related services such as automobile financing support, insurance assistance, registration services, maintenance, and other after-sales services.