Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Significant Growth in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 94,060 shares, an increase of 129.6% from the July 15th total of 40,968 shares. Based on an average daily volume of 4,558,468 shares, the days-to-cover ratio is currently 0.0 days. Approximately 18.0% of the company’s stock are sold short.

Jiuzi Price Performance

Shares of Jiuzi stock traded down $0.03 during trading on Friday, hitting $1.39. 88,955 shares of the stock were exchanged, compared to its average volume of 3,926,778. The firm’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.25. Jiuzi has a 12-month low of $0.75 and a 12-month high of $95.20.

Jiuzi (NASDAQ:JZXN) last issued its earnings results on Friday, July 17th. The company reported ($43.92) EPS for the quarter. The company had revenue of $3.57 million for the quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JZXN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a research note on Friday, July 17th. Wall Street Zen lowered shares of Jiuzi to a “strong sell” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC acquired a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th biggest position. Sabby Management LLC owned about 14.13% of Jiuzi at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.62% of the company’s stock.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.