EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Significant Increase in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 47,725 shares, an increase of 135.3% from the June 30th total of 20,283 shares. Based on an average trading volume of 91,690 shares, the short-interest ratio is currently 0.5 days. Approximately 3.5% of the shares of the stock are sold short.

EZGO Technologies Stock Performance

Shares of EZGO opened at $0.94 on Tuesday. EZGO Technologies has a 12-month low of $0.88 and a 12-month high of $2,585.62. The company has a 50-day moving average of $1.39 and a two-hundred day moving average of $135.46.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EZGO. Wall Street Zen upgraded EZGO Technologies to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings raised EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About EZGO Technologies

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.