Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Significant Growth in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 94,060 shares, a growth of 129.6% from the July 15th total of 40,968 shares. Approximately 18.0% of the company’s stock are sold short. Based on an average daily volume of 4,558,468 shares, the short-interest ratio is currently 0.0 days.

Jiuzi Stock Down 2.1%

Shares of JZXN traded down $0.03 during midday trading on Friday, reaching $1.39. 88,955 shares of the stock were exchanged, compared to its average volume of 3,926,778. The business’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.25. Jiuzi has a twelve month low of $0.75 and a twelve month high of $95.20.

Jiuzi (NASDAQ:JZXN) last posted its earnings results on Friday, July 17th. The company reported ($43.92) earnings per share for the quarter. The firm had revenue of $3.57 million during the quarter.

Institutional Investors Weigh In On Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC acquired a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for approximately 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th biggest holding. Sabby Management LLC owned about 14.13% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JZXN has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a report on Friday, July 17th. Wall Street Zen cut shares of Jiuzi to a “strong sell” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Jiuzi

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.