ICZOOM Group Inc. (NASDAQ:IZM) Shares Shorted: Short Interest Down 64.0% in September

ICZOOM Group Inc. (NASDAQ:IZM) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 58,774 shares, a drop of 64.0% from the August 31st total of 163,183 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average daily volume of 52,122 shares, the days-to-cover ratio is currently 1.1 days.

ICZOOM Group Stock Up 3.2%

ICZOOM Group stock traded up $0.04 during midday trading on Friday, hitting $1.29. 1,498,004 shares of the stock were exchanged, compared to its average volume of 47,826. The company has a fifty day simple moving average of $1.25 and a two-hundred day simple moving average of $1.81. ICZOOM Group has a 52 week low of $1.02 and a 52 week high of $13.65.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of ICZOOM Group in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

ICZOOM Group Company Profile

ICZOOM Group Limited operates a business-to-business e-commerce platform that connects suppliers of electronic components with small and medium-sized manufacturing companies. The company provides an online procurement channel designed to help business customers source components and related products from multiple suppliers.

Products available through the platform include integrated circuits, semiconductors, capacitors, resistors, connectors, sensors, modules and other electronic parts and components.