Short Interest in EZGO Technologies Ltd. (NASDAQ:EZGO) Expands By 135.3%

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 47,725 shares, a growth of 135.3% from the June 30th total of 20,283 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average trading volume of 91,690 shares, the days-to-cover ratio is currently 0.5 days.

EZGO Technologies Stock Performance

Shares of EZGO traded down $0.03 during trading on Wednesday, reaching $0.91. The company’s stock had a trading volume of 55,257 shares, compared to its average volume of 568,573. The company has a fifty day moving average of $1.36 and a two-hundred day moving average of $133.43. EZGO Technologies has a twelve month low of $0.88 and a twelve month high of $2,585.62.

Wall Street Analyst Weigh In

EZGO has been the subject of several recent research reports. Weiss Ratings upgraded EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. Wall Street Zen upgraded EZGO Technologies to a “sell” rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, EZGO Technologies has an average rating of “Sell”.

EZGO Technologies Company Profile

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.