Lobo EV Technologies Ltd (NASDAQ:LOBO – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 360,648 shares, an increase of 170.2% from the September 30th total of 133,454 shares. Based on an average trading volume of 863,500 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.1% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Lobo EV Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Lobo EV Technologies presently has a consensus rating of “Sell”.
Read Our Latest Research Report on LOBO
Lobo EV Technologies Stock Up 0.7%
Shares of NASDAQ LOBO traded up $0.00 during midday trading on Thursday, hitting $0.44. The company had a trading volume of 19,366 shares, compared to its average volume of 2,556,317. Lobo EV Technologies has a twelve month low of $0.36 and a twelve month high of $1.48. The business has a 50-day simple moving average of $0.54 and a two-hundred day simple moving average of $0.61.
Lobo EV Technologies (NASDAQ:LOBO – Get Free Report) last released its quarterly earnings results on Saturday, September 19th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $7.29 million during the quarter.
About Lobo EV Technologies
Lobo EV Technologies Limited is a China-based manufacturer of electric vehicles and related mobility products. The company focuses on the research, development, production and sale of low-speed electric vehicles designed for personal transportation and short-distance mobility.
Its product offerings include electric bicycles, electric tricycles, electric scooters and other electric-powered vehicles. Lobo also provides related components and accessories for its vehicles, supporting customers in a range of transportation and utility applications.
Founded in 2003 and headquartered in Wuxi, China, Lobo serves customers primarily through the Chinese market.
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