ICZOOM Group Inc. (NASDAQ:IZM) Short Interest Update

ICZOOM Group Inc. (NASDAQ:IZM) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 315,481 shares, an increase of 593.0% from the May 31st total of 45,526 shares. Based on an average daily trading volume, of 2,395,559 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.9% of the shares of the company are short sold.

Institutional Trading of ICZOOM Group

Several large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of ICZOOM Group in the 4th quarter worth approximately $45,000. XTX Topco Ltd bought a new stake in ICZOOM Group in the fourth quarter worth $48,000. Finally, Susquehanna International Group LLP acquired a new stake in ICZOOM Group in the 3rd quarter valued at approximately $57,000. 34.25% of the stock is currently owned by institutional investors and hedge funds.

ICZOOM Group Stock Performance

IZM remained flat at $0.32 during trading on Friday. 50,476 shares of the company’s stock traded hands, compared to its average volume of 1,242,049. ICZOOM Group has a 12 month low of $0.31 and a 12 month high of $2.74. The business has a fifty day moving average of $0.40 and a 200-day moving average of $0.87.

ICZOOM Group Company Profile

iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.

The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.