EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Large Increase in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 65,616 shares, an increase of 140.6% from the November 30th total of 27,270 shares. Based on an average daily trading volume, of 101,701 shares, the short-interest ratio is presently 0.6 days. Currently, 12.6% of the company’s shares are sold short. Currently, 12.6% of the company’s shares are sold short. Based on an average daily trading volume, of 101,701 shares, the short-interest ratio is presently 0.6 days.

EZGO Technologies Trading Down 3.0%

Shares of NASDAQ EZGO traded down $0.06 during midday trading on Friday, reaching $1.94. The stock had a trading volume of 52,745 shares, compared to its average volume of 170,382. The company’s 50 day moving average price is $2.91 and its 200 day moving average price is $5.60. The company has a quick ratio of 1.85, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. EZGO Technologies has a twelve month low of $1.41 and a twelve month high of $27.50.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of EZGO Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised shares of EZGO Technologies to a “sell” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average 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.