ICZOOM Group Inc. (NASDAQ:IZM) Sees Large Decrease in Short Interest

by · The Cerbat Gem

ICZOOM Group Inc. (NASDAQ:IZM – Get Free Report) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 73,893 shares, a drop of 24.4% from the December 31st total of 97,684 shares. Based on an average daily volume of 126,897 shares, the short-interest ratio is presently 0.6 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 126,897 shares, the short-interest ratio is presently 0.6 days.

ICZOOM Group Price Performance

NASDAQ IZM traded up $0.02 on Tuesday, hitting $1.09. The stock had a trading volume of 16,220 shares, compared to its average volume of 79,240. ICZOOM Group has a one year low of $0.87 and a one year high of $2.74. The company’s 50-day moving average is $1.51 and its two-hundred day moving average is $1.93.

ICZOOM Group (NASDAQ:IZM – Get Free Report) last announced its earnings results on Friday, October 24th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $48.35 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ICZOOM Group stock. Susquehanna International Group LLP bought a new position in ICZOOM Group Inc. (NASDAQ:IZM – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,056 shares of the company’s stock, valued at approximately $57,000. Susquehanna International Group LLP owned 0.30% of ICZOOM Group at the end of the most recent reporting period. 34.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of ICZOOM Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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ICZOOM Group Company Profile

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iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.

The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.

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