EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Update

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 38,231 shares, a decline of 14.1% from the December 31st total of 44,492 shares. Currently, 7.2% of the company’s stock are short sold. Based on an average daily trading volume, of 85,552 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 85,552 shares, the short-interest ratio is currently 0.4 days. Currently, 7.2% of the company’s stock are short sold.

EZGO Technologies Stock Down 4.1%

EZGO traded down $0.07 during trading on Tuesday, hitting $1.64. The stock had a trading volume of 61,134 shares, compared to its average volume of 87,335. The company has a 50 day moving average price of $2.00 and a 200-day moving average price of $4.30. EZGO Technologies has a one year low of $1.42 and a one year high of $17.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.18 and a current ratio of 3.21.

Analyst Ratings Changes

Several brokerages recently issued reports on EZGO. Wall Street Zen downgraded shares of EZGO Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EZGO Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, EZGO Technologies currently has an average rating of “Sell”.

EZGO Technologies Company Profile

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.