EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Large Growth in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 127,751 shares, a growth of 473.2% from the May 31st total of 22,286 shares. Based on an average daily trading volume, of 1,718,420 shares, the short-interest ratio is presently 0.1 days. Approximately 9.3% of the company’s stock are sold short.

EZGO Technologies Price Performance

EZGO traded down $0.03 on Friday, reaching $1.31. The company had a trading volume of 53,456 shares, compared to its average volume of 2,018,242. EZGO Technologies has a one year low of $1.12 and a one year high of $2,585.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.18 and a current ratio of 3.21. The company has a fifty day moving average of $53.62 and a 200-day moving average of $181.31.

Wall Street Analyst Weigh In

EZGO has been the topic of a number of recent research reports. Wall Street Zen raised shares of 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, EZGO Technologies currently has an average rating of “Sell”.

EZGO Technologies Company Profile

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.