Short Interest in EZGO Technologies Ltd. (NASDAQ:EZGO) Drops By 99.2%

EZGO Technologies Ltd. (NASDAQ:EZGO) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 22,286 shares, a decrease of 99.2% from the May 14th total of 2,895,784 shares. Based on an average daily volume of 1,128,297 shares, the short-interest ratio is presently 0.0 days. Approximately 1.6% of the company’s stock are short sold.

EZGO Technologies Stock Up 4.0%

NASDAQ EZGO traded up $0.06 during trading hours on Tuesday, hitting $1.55. The company had a trading volume of 16,182,154 shares, compared to its average volume of 1,106,883. The firm’s 50 day moving average is $103.25 and its 200 day moving average is $209.63. The company has a quick ratio of 3.18, a current ratio of 3.21 and a debt-to-equity ratio of 0.13. EZGO Technologies has a fifty-two week low of $1.28 and a fifty-two week high of $2,585.63.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About EZGO Technologies

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.