Jiuzi Holdings, Inc. (NASDAQ:JZXN) Stock Short Interest Climbs 271.2%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 104,896 shares, a growth of 271.2% from the September 15th total of 28,258 shares. Approximately 20.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,457,610 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Jiuzi

A hedge fund recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up about 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th largest position. Sabby Management LLC owned about 14.13% of Jiuzi as of its most recent SEC filing. Institutional investors and hedge funds own 0.62% of the company’s stock.

Jiuzi Stock Down 2.6%

Jiuzi stock traded down $0.03 during trading on Friday, hitting $1.11. The company had a trading volume of 189,074 shares, compared to its average volume of 2,597,394. Jiuzi has a 1-year low of $0.75 and a 1-year high of $18.39. The company’s 50 day simple moving average is $1.23 and its 200-day simple moving average is $1.19.

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

Analysts Set New Price Targets

JZXN has been the topic of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research report on Friday, July 17th. Wall Street Zen raised shares of Jiuzi from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Jiuzi

Jiuzi Holdings Limited, operating under the name Jiuzi, is a China-based automotive retail company focused primarily on new energy vehicles (NEVs). The company sells electric and other alternative-energy passenger vehicles through a network of directly operated and franchised dealerships.

In addition to vehicle sales, Jiuzi’s business activities have included related automotive services, such as vehicle maintenance, repair and after-sales support. Its dealership model is designed to provide customers with access to NEV brands and products in local markets.

Founded in 2017, Jiuzi serves customers in China through its dealership network.