Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Large Decrease in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 135,981 shares, a decline of 40.1% from the May 14th total of 227,164 shares. Approximately 26.0% of the shares of the company are sold short. Based on an average daily volume of 222,419 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Jiuzi Stock Up 4.0%

Shares of Jiuzi stock traded up $0.06 on Monday, hitting $1.57. 451,732 shares of the company’s stock traded hands, compared to its average volume of 3,514,373. Jiuzi has a one year low of $0.75 and a one year high of $95.20. The company has a fifty day moving average of $1.09 and a two-hundred day moving average of $1.89.

Jiuzi (NASDAQ:JZXN) last announced its earnings results on Tuesday, February 24th. The company reported ($14.49) EPS for the quarter. The company had revenue of $0.95 million during the quarter.

Institutional Investors Weigh In On Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up approximately 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th largest holding. Sabby Management LLC owned 14.13% of Jiuzi at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.62% of the company’s stock.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.