Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Increases By 752.8%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 227,164 shares, a growth of 752.8% from the April 30th total of 26,637 shares. Currently, 43.4% of the shares of the stock are short sold. Based on an average daily volume of 9,332,302 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP purchased a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned 1.23% of Jiuzi as of its most recent filing with the Securities and Exchange Commission. 0.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Jiuzi Price Performance

JZXN opened at $1.09 on Thursday. Jiuzi has a fifty-two week low of $0.75 and a fifty-two week high of $204.00. The company’s 50 day moving average price is $1.02 and its two-hundred day moving average price is $2.52.

Jiuzi (NASDAQ:JZXN) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($14.49) earnings per share (EPS) for the quarter. The firm had revenue of $0.95 million for the quarter.

About Jiuzi

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.