Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Update

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 35,447 shares, a drop of 62.3% from the July 30th total of 94,060 shares. Based on an average trading volume of 409,056 shares, the days-to-cover ratio is currently 0.1 days. Approximately 6.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on JZXN shares. Wall Street Zen cut shares of Jiuzi to a “strong sell” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Jiuzi presently has a consensus rating of “Sell”.

Jiuzi Stock Performance

JZXN stock traded up $0.04 during midday trading on Friday, hitting $1.17. The company’s stock had a trading volume of 62,518 shares, compared to its average volume of 297,595. Jiuzi has a 12 month low of $0.75 and a 12 month high of $95.20. The firm’s 50-day moving average is $1.32 and its 200-day moving average is $1.24.

Jiuzi (NASDAQ:JZXN) last posted its earnings results on Friday, July 17th. The company reported ($43.92) EPS for the quarter. The business had revenue of $3.57 million during the quarter.

Institutional Investors Weigh In On Jiuzi

An institutional investor recently bought a new stake in Jiuzi stock. Sabby Management LLC acquired a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up approximately 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest position. Sabby Management LLC owned about 14.13% of Jiuzi at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.62% of the company’s stock.

About Jiuzi

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.