Lobo EV Technologies Ltd (NASDAQ:LOBO) Stock Short Interest Report for September

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 133,454 shares, a growth of 314.3% from the September 15th total of 32,214 shares. Based on an average trading volume of 16,241,894 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.5% of the shares of the stock are short sold.

Lobo EV Technologies Stock Performance

Lobo EV Technologies stock opened at $0.45 on Tuesday. Lobo EV Technologies has a 1 year low of $0.36 and a 1 year high of $1.48. The firm’s 50 day moving average price is $0.60 and its two-hundred day moving average price is $0.64.

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

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Lobo EV Technologies Company Profile

Lobo EV Technologies Limited is a China-based electric vehicle company that designs, develops, manufactures and sells electric mobility products. Its offerings include electric bicycles, electric scooters, electric tricycles, electric go-karts and electric four-wheel vehicles, along with related components and replacement parts.

The company serves consumers and commercial customers seeking alternative transportation for personal mobility, short-distance travel and utility applications.