Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Update

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 32,214 shares, a drop of 52.2% from the August 31st total of 67,434 shares. Based on an average daily volume of 50,622 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

Lobo EV Technologies Stock Down 7.1%

Lobo EV Technologies stock traded down $0.04 during mid-day trading on Tuesday, reaching $0.54. The company’s stock had a trading volume of 261,664 shares, compared to its average volume of 2,802,589. Lobo EV Technologies has a 12 month low of $0.36 and a 12 month high of $1.48. The business’s 50 day simple moving average is $0.64 and its 200 day simple moving average is $0.64.

Lobo EV Technologies (NASDAQ:LOBO) last issued its quarterly earnings results on Saturday, September 19th. The company reported ($0.04) EPS for the quarter. The business had revenue of $7.29 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Lobo EV Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lobo EV Technologies presently has a consensus rating of “Sell”.

About Lobo EV Technologies

Lobo EV Technologies Limited is an electric-vehicle company focused on the design, development, manufacture and sale of small electric vehicles. Through its operating subsidiaries in China, the company serves the growing market for lightweight and low-speed transportation products.

Lobo EV’s product portfolio includes electric tricycles, electric bicycles, electric scooters and other compact electric vehicles. Its products are intended for applications such as personal transportation, local delivery, cargo hauling and other short-distance mobility needs.