Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Update
by Jessica Moore · The Cerbat GemJiuzi Holdings, Inc. (NASDAQ:JZXN – Get Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 246,925 shares, a drop of 50.5% from the November 30th total of 498,682 shares. Based on an average daily trading volume, of 1,082,434 shares, the days-to-cover ratio is presently 0.2 days. Currently, 49.9% of the shares of the company are short sold. Currently, 49.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,082,434 shares, the days-to-cover ratio is presently 0.2 days.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Wall Street Zen raised Jiuzi to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Jiuzi has an average rating of “Sell”.
Jiuzi Stock Down 2.7%
Shares of Jiuzi stock traded down $0.05 on Friday, reaching $1.79. 56,446 shares of the company traded hands, compared to its average volume of 839,115. The company has a 50 day moving average of $7.80 and a 200 day moving average of $27.88. Jiuzi has a 52 week low of $1.58 and a 52 week high of $312.80.
Institutional Trading of Jiuzi
An institutional investor recently bought a new position in Jiuzi stock. Anson Funds Management LP purchased a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned about 1.23% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is owned by hedge funds and other institutional investors.
Jiuzi Company Profile
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.