ICZOOM Group Inc. (NASDAQ:IZM) Short Interest Up 593.0% in June

ICZOOM Group Inc. (NASDAQ:IZM) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 315,481 shares, a growth of 593.0% from the May 31st total of 45,526 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,395,559 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On ICZOOM Group

Several hedge funds and other institutional investors have recently made changes to their positions in IZM. Susquehanna International Group LLP acquired a new stake in shares of ICZOOM Group during the 3rd quarter valued at $57,000. Jane Street Group LLC acquired a new position in shares of ICZOOM Group during the fourth quarter valued at about $45,000. Finally, XTX Topco Ltd bought a new stake in ICZOOM Group during the 4th quarter valued at $48,000. 34.25% of the stock is owned by institutional investors.

ICZOOM Group Stock Performance

Shares of ICZOOM Group stock traded down $0.03 on Friday, reaching $0.29. 207,245 shares of the stock were exchanged, compared to its average volume of 1,382,052. The firm’s 50 day moving average is $0.40 and its 200-day moving average is $0.87. ICZOOM Group has a one year low of $0.29 and a one year high of $2.74.

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.