Lobo EV Technologies Ltd (NASDAQ:LOBO) Stock Short Interest Climbs 314.3%

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 133,454 shares, an increase of 314.3% from the September 15th total of 32,214 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 16,241,894 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Lobo EV Technologies Stock Down 6.6%

LOBO stock traded down $0.03 during mid-day trading on Monday, hitting $0.45. The company had a trading volume of 7,842,530 shares, compared to its average volume of 2,720,156. The company has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.64. Lobo EV Technologies has a 12-month low of $0.36 and a 12-month high of $1.48.

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

About Lobo EV Technologies

Lobo EV Technologies Limited is a China-based electric vehicle company that designs, develops, manufactures and sells electric mobility products. Its offerings include electric bicycles, electric scooters, electric tricycles, electric go-karts and electric four-wheel vehicles, along with related components and replacement parts.

The company serves consumers and commercial customers seeking alternative transportation for personal mobility, short-distance travel and utility applications.