Short Interest in EZGO Technologies Ltd. (NASDAQ:EZGO) Decreases By 95.5%

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 941 shares, a decline of 95.5% from the August 15th total of 20,967 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 74,449 shares, the short-interest ratio is presently 0.0 days.

EZGO Technologies Trading Down 2.5%

EZGO Technologies stock traded down $0.02 during midday trading on Friday, reaching $0.86. The stock had a trading volume of 7,197 shares, compared to its average volume of 480,164. EZGO Technologies has a twelve month low of $0.83 and a twelve month high of $1,098.75. The company has a current ratio of 3.07, a quick ratio of 2.91 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $1.05 and its two-hundred day simple moving average is $73.87.

EZGO Technologies (NASDAQ:EZGO) last announced its earnings results on Friday, August 14th. The company reported ($26.49) earnings per share (EPS) for the quarter. The business had revenue of $3.18 million for the quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded EZGO Technologies to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings restated a “sell (e+)” rating on shares of EZGO Technologies in a report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.