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

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 47,015 shares, a decline of 50.5% from the July 30th total of 95,066 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,407 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

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

Lobo EV Technologies Trading Down 6.2%

Shares of LOBO stock traded down $0.04 during trading hours on Monday, hitting $0.58. The company’s stock had a trading volume of 30,392 shares, compared to its average volume of 2,046,737. The business has a fifty day moving average of $0.69 and a 200-day moving average of $0.64. The company has a quick ratio of 0.63, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. Lobo EV Technologies has a twelve month low of $0.36 and a twelve month high of $1.48.

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.