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

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 137,852 shares, a decline of 38.2% from the June 30th total of 223,213 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 494,158 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Lobo EV Technologies Stock Up 7.8%

Shares of Lobo EV Technologies stock traded up $0.05 during trading on Friday, hitting $0.73. 43,502 shares of the stock traded hands, compared to its average volume of 2,337,810. The company has a quick ratio of 0.63, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $0.74 and a two-hundred day moving average price of $0.63. Lobo EV Technologies has a twelve month low of $0.35 and a twelve month high of $1.48.

Lobo EV Technologies (NASDAQ:LOBO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $5.56 million for the quarter.

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.