EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Up 473.2% in June

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 127,751 shares, an increase of 473.2% from the May 31st total of 22,286 shares. Approximately 9.3% of the shares of the stock are short sold. Based on an average daily volume of 1,718,420 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings upgraded EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Wall Street Zen raised EZGO Technologies to a “sell” rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

EZGO Technologies Stock Performance

Shares of EZGO Technologies stock traded down $0.03 during mid-day trading on Friday, hitting $1.31. The stock had a trading volume of 53,456 shares, compared to its average volume of 2,018,242. The firm has a 50-day moving average of $53.62 and a two-hundred day moving average of $181.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.18 and a current ratio of 3.21. EZGO Technologies has a 12-month low of $1.12 and a 12-month high of $2,585.62.

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.