ZOOZ Power Ltd. (NASDAQ:ZOOZ) Short Interest Update

ZOOZ Power Ltd. (NASDAQ:ZOOZ) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 242,393 shares, a decline of 38.2% from the May 14th total of 392,315 shares. Based on an average trading volume of 292,054 shares, the days-to-cover ratio is presently 0.8 days. Approximately 6.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On ZOOZ Power

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in ZOOZ Power by 347.7% during the 4th quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock valued at $40,000 after acquiring an additional 71,311 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of ZOOZ Power by 986.6% during the 4th quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock valued at $51,000 after buying an additional 105,459 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of ZOOZ Power by 1,122,810.5% during the 3rd quarter. Bank of America Corp DE now owns 213,353 shares of the company’s stock valued at $457,000 after buying an additional 213,334 shares during the last quarter. Velan Capital Investment Management LP acquired a new stake in shares of ZOOZ Power during the 3rd quarter valued at about $4,280,000. Finally, Pantera Capital Partners LP acquired a new stake in shares of ZOOZ Power during the 4th quarter valued at about $1,867,000. Hedge funds and other institutional investors own 38.06% of the company’s stock.

ZOOZ Power Price Performance

NASDAQ:ZOOZ opened at $5.35 on Monday. ZOOZ Power has a fifty-two week low of $5.00 and a fifty-two week high of $101.20. The stock’s 50-day moving average is $5.95 and its two-hundred day moving average is $7.69.

Analyst Upgrades and Downgrades

ZOOZ has been the topic of a number of analyst reports. Chardan Capital dropped their price target on ZOOZ Power from $40.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of ZOOZ Power in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ZOOZ Power presently has a consensus rating of “Hold” and a consensus price target of $10.00.

About ZOOZ Power

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.