Short Interest in Fly-E Group, Inc. (NASDAQ:FLYE) Decreases By 39.4%

Posted by Bonnie Powley on Aug 1st, 2026

Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 17,693 shares, a drop of 39.4% from the June 30th total of 29,178 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 9,806 shares, the days-to-cover ratio is presently 1.8 days.

Fly-E Group Stock Performance

FLYE opened at $1.63 on Friday. The company has a market cap of $2.66 million, a P/E ratio of -0.14 and a beta of -0.70. The company’s 50 day moving average is $1.99 and its 200-day moving average is $2.64. Fly-E Group has a 1-year low of $1.60 and a 1-year high of $161.80.

Fly-E Group (NASDAQ:FLYE – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported ($2.24) earnings per share (EPS) for the quarter. The company had revenue of $7.18 million for the quarter.

Institutional Investors Weigh In On Fly-E Group

An institutional investor recently bought a new position in Fly-E Group stock. XTX Topco Ltd bought a new stake in Fly-E Group, Inc. (NASDAQ:FLYE – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,204 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.19% of Fly-E Group at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Fly-E Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Fly-E Group has a consensus rating of “Sell”.

View Our Latest Stock Analysis on FLYE

About Fly-E Group

(Get Free Report)

FlyE Group, Inc, incorporated as a Cayman Islands exempted company, is a special purpose acquisition company (SPAC) formed to identify, acquire, and combine with one or more businesses. As a blank?check entity, its primary operations involve raising capital through an initial public offering and seeking a merger, capital stock exchange, asset acquisition, or similar business combination with a target company.

In September 2021, FlyE Group completed its IPO and began trading on the Nasdaq Stock Market under the ticker symbol FLYE.