Fly-E Group, Inc. (NASDAQ:FLYE) Sees Significant Decline in Short Interest

Fly-E Group, Inc. (NASDAQ:FLYE) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 228,700 shares, a decline of 13.6% from the October 31st total of 264,700 shares. Based on an average daily volume of 266,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.0% of the shares of the company are short sold.

Fly-E Group Price Performance

Shares of FLYE stock traded down $0.05 during trading hours on Tuesday, hitting $0.42. The company’s stock had a trading volume of 152,261 shares, compared to its average volume of 807,503. Fly-E Group has a 12-month low of $0.41 and a 12-month high of $7.62. The stock has a 50 day simple moving average of $0.60.

About Fly-E Group

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.