Lobo EV Technologies Ltd (NASDAQ:LOBO) Sees Significant Decline in Short Interest

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 338,287 shares, a decline of 66.7% from the November 30th total of 1,016,613 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average trading volume of 567,056 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 567,056 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.8% of the shares of the company are short sold.

Lobo EV Technologies Trading Up 4.0%

Shares of LOBO traded up $0.03 during midday trading on Friday, hitting $0.69. 90,351 shares of the company traded hands, compared to its average volume of 3,653,821. Lobo EV Technologies has a one year low of $0.35 and a one year high of $2.41. The company has a current ratio of 1.56, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $0.79 and a 200-day moving average of $0.67.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lobo EV Technologies in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lobo EV Technologies currently has a consensus rating of “Sell”.

About Lobo EV Technologies

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.