Short Interest in ICZOOM Group Inc. (NASDAQ:IZM) Declines By 87.4%
by Amy Steele · The Cerbat GemICZOOM Group Inc. (NASDAQ:IZM – Get Free Report) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 111,546 shares, a decrease of 87.4% from the March 31st total of 888,046 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average trading volume of 334,797 shares, the short-interest ratio is currently 0.3 days.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ICZOOM Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Report on ICZOOM Group
ICZOOM Group Trading Down 2.0%
ICZOOM Group stock traded down $0.01 on Friday, hitting $0.37. The company’s stock had a trading volume of 82,994 shares, compared to its average volume of 5,480,602. The company has a fifty day moving average price of $0.61 and a 200-day moving average price of $1.21. ICZOOM Group has a one year low of $0.37 and a one year high of $2.74.
Institutional Trading of ICZOOM Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in ICZOOM Group in the fourth quarter worth about $45,000. XTX Topco Ltd bought a new stake in shares of ICZOOM Group in the 4th quarter valued at approximately $48,000. Finally, Susquehanna International Group LLP bought a new stake in shares of ICZOOM Group in the 3rd quarter valued at approximately $57,000. Institutional investors own 34.25% of the company’s stock.
ICZOOM Group Company Profile
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.