Jianzhi Education Technology Group Company Ltd. Sponsored ADR (NASDAQ:JZ) Stock Short Interest Jumps 346.5%

Jianzhi Education Technology Group Company Ltd. Sponsored ADR (NASDAQ:JZ) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 996,510 shares, an increase of 346.5% from the September 30th total of 223,193 shares. Currently, 6.9% of the company’s shares are short sold. Based on an average daily trading volume, of 32,627,633 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

JZ has been the subject of several research reports. Wall Street Zen lowered shares of Jianzhi Education Technology Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jianzhi Education Technology Group in a research report on Friday, September 4th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Jianzhi Education Technology Group Price Performance

NASDAQ JZ traded up $0.01 during mid-day trading on Thursday, reaching $1.01. The stock had a trading volume of 67,021 shares, compared to its average volume of 2,255,740. Jianzhi Education Technology Group has a 1 year low of $0.37 and a 1 year high of $164.00. The company has a fifty day moving average price of $1.05 and a 200 day moving average price of $454.20.

Jianzhi Education Technology Group’s stock is going to reverse split on Friday, November 13th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 12th.

Jianzhi Education Technology Group (NASDAQ:JZ) last announced its earnings results on Friday, August 28th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.79 million for the quarter.

Jianzhi Education Technology Group Company Profile

Jianzhi Education Technology Group Company Limited is a China-based education technology company that develops and provides digital educational content and related services. The company focuses on supporting schools, teachers and students through technology-enabled learning products, educational resources and online platforms.

Its offerings include digital course materials, online learning tools and services for vocational and continuing education. Jianzhi Education also provides education-related technology solutions intended to support teaching, training, academic administration and the digital transformation of educational institutions.

The company primarily serves the education market in China, including schools, universities, vocational institutions and other education providers.