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

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 1,537,405 shares, a growth of 636.8% from the April 15th total of 208,662 shares. Approximately 17.4% of the company’s stock are short sold. Based on an average trading volume of 18,659,456 shares, the short-interest ratio is currently 0.1 days.

Lobo EV Technologies Trading Up 7.8%

Shares of NASDAQ:LOBO opened at $0.55 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.63 and a current ratio of 1.39. The company has a fifty day simple moving average of $0.55 and a 200 day simple moving average of $0.63. Lobo EV Technologies has a 12-month low of $0.35 and a 12-month high of $1.58.

Lobo EV Technologies (NASDAQ:LOBO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.12) EPS for the quarter. The business had revenue of $5.56 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Lobo EV Technologies from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lobo EV Technologies Company Profile

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.