ICZOOM Group Inc. (NASDAQ:IZM) Sees Significant Decrease in Short Interest

ICZOOM Group Inc. (NASDAQ:IZM) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 58,774 shares, a decrease of 64.0% from the August 31st total of 163,183 shares. Based on an average trading volume of 52,122 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.6% of the company’s shares are short sold.

ICZOOM Group Stock Performance

Shares of ICZOOM Group stock traded up $0.04 during trading on Friday, reaching $1.29. The stock had a trading volume of 1,498,004 shares, compared to its average volume of 47,826. The stock has a fifty day moving average price of $1.25 and a two-hundred day moving average price of $1.81. ICZOOM Group has a 52 week low of $1.02 and a 52 week high of $13.65.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ICZOOM Group in a report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About ICZOOM Group

ICZOOM Group Limited operates a business-to-business e-commerce platform that connects suppliers of electronic components with small and medium-sized manufacturing companies. The company provides an online procurement channel designed to help business customers source components and related products from multiple suppliers.

Products available through the platform include integrated circuits, semiconductors, capacitors, resistors, connectors, sensors, modules and other electronic parts and components.