Short Interest in ICZOOM Group Inc. (NASDAQ:IZM) Declines By 37.1%

ICZOOM Group Inc. (NASDAQ:IZM) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 40,656 shares, a decrease of 37.1% from the November 30th total of 64,655 shares. Based on an average daily volume of 48,626 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 48,626 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On ICZOOM Group

An institutional investor recently bought a new position in ICZOOM Group stock. Susquehanna International Group LLP purchased a new stake in ICZOOM Group Inc. (NASDAQ:IZM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,056 shares of the company’s stock, valued at approximately $57,000. Susquehanna International Group LLP owned about 0.30% of ICZOOM Group at the end of the most recent reporting period. Institutional investors own 34.25% of the company’s stock.

ICZOOM Group Stock Down 15.4%

Shares of NASDAQ IZM opened at $1.93 on Friday. ICZOOM Group has a 1 year low of $0.87 and a 1 year high of $2.74. The firm’s 50-day moving average is $1.34 and its 200-day moving average is $2.08.

ICZOOM Group (NASDAQ:IZM) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $48.35 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of ICZOOM Group in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

ICZOOM Group Company Profile

iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.

The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.