ICZOOM Group Inc. (NASDAQ:IZM) Shares Shorted: Short Interest Up 75.6% in October

by · The Cerbat Gem

ICZOOM Group Inc. (NASDAQ:IZM – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 51,657 shares, an increase of 75.6% from the September 30th total of 29,414 shares. Based on an average daily trading volume, of 2,067,736 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ICZOOM Group in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

View Our Latest Analysis on ICZOOM Group

ICZOOM Group Price Performance

NASDAQ IZM traded down $0.02 during trading hours on Monday, hitting $0.66. The company had a trading volume of 8,513 shares, compared to its average volume of 1,150,201. The business has a fifty day simple moving average of $1.06 and a 200-day simple moving average of $2.36. ICZOOM Group has a fifty-two week low of $0.66 and a fifty-two week high of $13.65.

ICZOOM Group Company Profile

(Get Free Report)

ICZOOM Group Inc operates a business-to-business e-commerce platform that helps small and medium-sized enterprises in China source electronic components and other industrial products. Through its online marketplace, the company connects business customers with suppliers and supports procurement, order management and fulfillment.

The company’s product offerings include semiconductors, integrated circuits, capacitors, resistors, connectors, sensors, modules and other electronic components used in manufacturing and technology applications.

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