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

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 13,878 shares, a decline of 84.4% from the December 31st total of 89,090 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 73,274 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 73,274 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Lobo EV Technologies Stock Performance

Shares of LOBO stock traded up $0.01 on Wednesday, hitting $0.62. The stock had a trading volume of 27,561 shares, compared to its average volume of 63,986. The stock’s 50 day moving average is $0.67 and its 200-day moving average is $0.69. Lobo EV Technologies has a 52-week low of $0.35 and a 52-week high of $2.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.56 and a quick ratio of 0.69.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lobo EV Technologies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Lobo EV Technologies Company Profile

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.