Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Large Decline in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 40,968 shares, a drop of 36.6% from the June 30th total of 64,615 shares. Approximately 7.8% of the shares of the company are sold short. Based on an average daily volume of 15,039,155 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JZXN shares. Wall Street Zen cut shares of Jiuzi to a “strong sell” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC acquired a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises about 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th largest holding. Sabby Management LLC owned about 14.13% of Jiuzi at the end of the most recent reporting period. Institutional investors and hedge funds own 0.62% of the company’s stock.

Jiuzi Price Performance

NASDAQ JZXN traded up $0.06 on Thursday, reaching $1.33. The company’s stock had a trading volume of 451,722 shares, compared to its average volume of 4,194,337. Jiuzi has a twelve month low of $0.75 and a twelve month high of $95.20. The firm’s 50 day moving average is $1.29 and its two-hundred day moving average is $1.28.

Jiuzi (NASDAQ:JZXN) last announced its quarterly earnings data on Friday, July 17th. The company reported ($43.92) earnings per share (EPS) for the quarter. The firm had revenue of $3.57 million for the quarter.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.