EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Significant Increase in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 24,967 shares, a growth of 825.7% from the September 15th total of 2,697 shares. Based on an average daily trading volume, of 392,879 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EZGO. Weiss Ratings lowered shares of EZGO Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, September 25th. Wall Street Zen upgraded shares of 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.com, EZGO Technologies presently has an average rating of “Sell”.

EZGO Technologies Stock Down 9.7%

EZGO stock traded down $0.09 during midday trading on Friday, hitting $0.87. The company’s stock had a trading volume of 24,383 shares, compared to its average volume of 250,867. The company has a current ratio of 3.07, a quick ratio of 2.91 and a debt-to-equity ratio of 0.11. EZGO Technologies has a 12 month low of $0.74 and a 12 month high of $1,098.75. The company has a 50 day moving average of $0.95 and a two-hundred day moving average of $42.23.

EZGO Technologies (NASDAQ:EZGO) last released its quarterly earnings data on Friday, August 14th. The company reported ($26.49) earnings per share (EPS) for the quarter. The firm had revenue of $3.18 million for the quarter.

About EZGO Technologies

EZGO Technologies Ltd. (NASDAQ: EZGO) is a China-based company focused on electric mobility and related products. The company develops, manufactures and sells electric bicycles, electric tricycles, electric scooters and other low-speed electric vehicles designed for personal transportation, delivery and commercial applications.

EZGO also produces and sells lithium-ion battery packs and related components used in electric vehicles. Its product portfolio has included electric vehicles for consumers as well as logistics and other business users, supporting applications such as short-distance transportation and last-mile delivery.

The company is headquartered in Changzhou, Jiangsu Province, China, and primarily serves the Chinese market through its manufacturing and sales operations.