ICZOOM Group Inc. (NASDAQ:IZM) Sees Significant Increase in Short Interest

ICZOOM Group Inc. (NASDAQ:IZM) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 97,684 shares, an increase of 140.3% from the December 15th total of 40,656 shares. Based on an average daily volume of 264,522 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 264,522 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

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

ICZOOM Group Trading Down 9.6%

IZM stock traded down $0.16 during mid-day trading on Thursday, reaching $1.51. The company’s stock had a trading volume of 55,043 shares, compared to its average volume of 202,997. ICZOOM Group has a 12 month low of $0.87 and a 12 month high of $2.74. The business’s 50 day moving average price is $1.44 and its 200 day moving average price is $2.05.

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

Hedge Funds Weigh In On ICZOOM Group

An institutional investor recently bought a new position in ICZOOM Group stock. Susquehanna International Group LLP acquired a new position in ICZOOM Group Inc. (NASDAQ:IZM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,056 shares of the company’s stock, valued at approximately $57,000. Susquehanna International Group LLP owned about 0.30% of ICZOOM Group as of its most recent SEC filing. 34.25% of the stock is owned by institutional investors.

About ICZOOM Group

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.