Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Down 36.6% in July

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 40,968 shares, a decline of 36.6% from the June 30th total of 64,615 shares. Currently, 7.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,039,155 shares, the short-interest ratio is currently 0.0 days.

Jiuzi Stock Up 9.0%

NASDAQ:JZXN opened at $1.45 on Friday. Jiuzi has a 52-week low of $0.75 and a 52-week high of $95.20. The stock has a fifty day simple moving average of $1.30 and a 200-day simple moving average of $1.28.

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

Analysts Set New Price Targets

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

Institutional Trading of Jiuzi

A hedge fund recently bought a new stake 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. Hedge funds and other institutional investors own 0.62% of the company’s stock.

About Jiuzi

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.