Lobo EV Technologies Ltd (NASDAQ:LOBO) Sees Large Growth in Short Interest
by Jessica Moore · The Cerbat GemLobo EV Technologies Ltd (NASDAQ:LOBO – Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 161,348 shares, a growth of 296.8% from the March 15th total of 40,660 shares. Based on an average daily volume of 93,966 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.8% of the shares of the stock are sold short.
Lobo EV Technologies Stock Performance
LOBO stock traded up $0.04 during midday trading on Friday, hitting $0.54. The company had a trading volume of 5,141,186 shares, compared to its average volume of 358,459. Lobo EV Technologies has a 52 week low of $0.35 and a 52 week high of $2.41. The stock’s 50 day moving average price is $0.53 and its 200 day moving average price is $0.67.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lobo EV Technologies in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Read Our Latest Research Report on Lobo EV Technologies
Lobo EV Technologies Company Profile
Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.
Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.