Lobo EV Technologies Ltd (NASDAQ:LOBO) Sees Large Decrease in Short Interest

Lobo EV Technologies Ltd (NASDAQ:LOBOGet Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 137,852 shares, a decrease of 38.2% from the June 30th total of 223,213 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 494,158 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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Lobo EV Technologies Stock Performance

Shares of NASDAQ LOBO opened at $0.73 on Friday. The firm’s 50 day moving average price is $0.74 and its 200-day moving average price is $0.63. Lobo EV Technologies has a 52-week low of $0.35 and a 52-week high of $1.48. The company has a current ratio of 1.39, a quick ratio of 0.63 and a debt-to-equity ratio of 0.01.

Lobo EV Technologies (NASDAQ:LOBOGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $5.56 million for the quarter.

About Lobo EV Technologies

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Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.

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