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

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 35,447 shares, a drop of 62.3% from the July 30th total of 94,060 shares. Approximately 6.8% of the company’s stock are sold short. Based on an average trading volume of 409,056 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Sabby Management LLC acquired a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for about 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest position. Sabby Management LLC owned 14.13% of Jiuzi as of its most recent SEC filing. Hedge funds and other institutional investors own 0.62% of the company’s stock.

Jiuzi Price Performance

NASDAQ JZXN traded up $0.04 during trading hours on Friday, reaching $1.17. The stock had a trading volume of 43,910 shares, compared to its average volume of 3,697,143. Jiuzi has a 52-week low of $0.75 and a 52-week high of $95.20. The stock has a fifty day moving average of $1.33 and a 200 day moving average of $1.24.

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

Analyst Ratings Changes

Several equities analysts recently commented on JZXN shares. Wall Street Zen lowered shares of Jiuzi to a “strong sell” rating in a research report on Saturday, July 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.