Jiuzi Holdings, Inc. (NASDAQ:JZXN – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 64,615 shares, a decline of 65.6% from the June 15th total of 188,013 shares. Currently, 12.3% of the shares of the stock are sold short. Based on an average trading volume of 129,875 shares, the days-to-cover ratio is currently 0.5 days.
Hedge Funds Weigh In On Jiuzi
An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC purchased a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for approximately 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest position. Sabby Management LLC owned about 14.13% of Jiuzi at the end of the most recent quarter. Institutional investors own 0.62% of the company’s stock.
Jiuzi Stock Performance
Shares of NASDAQ JZXN traded down $0.28 during mid-day trading on Tuesday, hitting $1.23. 901,007 shares of the stock were exchanged, compared to its average volume of 4,159,827. The stock’s fifty day simple moving average is $1.24 and its two-hundred day simple moving average is $1.32. Jiuzi has a twelve month low of $0.75 and a twelve month high of $95.20.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on JZXN
About Jiuzi
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.
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