Lobo EV Technologies Ltd (NASDAQ:LOBO) Stock Short Interest Drops 52.2%

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 32,214 shares, a decline of 52.2% from the August 31st total of 67,434 shares. Based on an average trading volume of 50,622 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Lobo EV Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lobo EV Technologies Stock Down 0.3%

Shares of LOBO stock traded down $0.00 during midday trading on Thursday, reaching $0.52. 98,192 shares of the company were exchanged, compared to its average volume of 2,774,225. The company’s 50 day moving average price is $0.63 and its two-hundred day moving average price is $0.64. Lobo EV Technologies has a 12 month low of $0.36 and a 12 month high of $1.48.

Lobo EV Technologies (NASDAQ:LOBO) last posted its quarterly earnings data on Saturday, September 19th. The company reported ($0.04) EPS for the quarter. The company had revenue of $7.29 million for the quarter.

Lobo EV Technologies Company Profile

Lobo EV Technologies Limited is an electric-vehicle company focused on the design, development, manufacture and sale of small electric vehicles. Through its operating subsidiaries in China, the company serves the growing market for lightweight and low-speed transportation products.

Lobo EV’s product portfolio includes electric tricycles, electric bicycles, electric scooters and other compact electric vehicles. Its products are intended for applications such as personal transportation, local delivery, cargo hauling and other short-distance mobility needs.