Short Interest in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Expands By 1,807.9%

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 534,200 shares, a growth of 1,807.9% from the January 15th total of 28,000 shares. Approximately 20.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 630,900 shares, the short-interest ratio is presently 0.8 days.

Zapp Electric Vehicles Group Price Performance

ZAPP traded down $0.00 during trading on Wednesday, reaching $0.75. 75,009 shares of the company were exchanged, compared to its average volume of 1,270,111. Zapp Electric Vehicles Group has a 52 week low of $0.70 and a 52 week high of $19.10. The firm has a 50 day moving average of $1.25 and a 200 day moving average of $2.86.

Hedge Funds Weigh In On Zapp Electric Vehicles Group

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Virtu Financial LLC bought a new stake in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,840 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.41% of Zapp Electric Vehicles Group at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Separately, Maxim Group dropped their price objective on shares of Zapp Electric Vehicles Group from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, February 3rd.

Zapp Electric Vehicles Group Company Profile

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.