Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Update

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 10,801 shares, a drop of 61.3% from the December 31st total of 27,888 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 52,864 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 52,864 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JZXN. Wall Street Zen upgraded shares of Jiuzi to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jiuzi has an average rating of “Sell”.

Institutional Trading of Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP purchased a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned approximately 1.23% of Jiuzi as of its most recent SEC filing. Institutional investors own 0.62% of the company’s stock.

Jiuzi Stock Performance

JZXN traded down $0.14 on Thursday, reaching $1.44. 134,147 shares of the company’s stock were exchanged, compared to its average volume of 351,380. Jiuzi has a twelve month low of $1.34 and a twelve month high of $312.80. The stock’s fifty day moving average price is $3.56 and its 200-day moving average price is $19.78.

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.