Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Down 75.9% in March
by Teresa Graham · The Cerbat GemJiuzi Holdings, Inc. (NASDAQ:JZXN – Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 45,977 shares, a drop of 75.9% from the March 15th total of 190,805 shares. Based on an average trading volume of 120,926 shares, the days-to-cover ratio is currently 0.4 days. Approximately 8.8% of the shares of the company are sold short.
Jiuzi Price Performance
Shares of Jiuzi stock traded up $0.01 during midday trading on Friday, hitting $0.93. 298,613 shares of the company were exchanged, compared to its average volume of 91,774. Jiuzi has a 52 week low of $0.75 and a 52 week high of $312.80. The firm has a 50 day simple moving average of $1.25 and a 200-day simple moving average of $6.43.
Jiuzi (NASDAQ:JZXN – Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported ($14.49) EPS for the quarter. The company had revenue of $0.95 million during the quarter.
Hedge Funds Weigh In On Jiuzi
An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for approximately 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest position. Sabby Management LLC owned 14.13% of Jiuzi at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.62% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Wall Street Zen downgraded Jiuzi from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jiuzi presently has an average rating of “Sell”.
Check Out Our Latest Research Report on JZXN
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.