Kandi Technologies Group, Inc. (NASDAQ:KNDI) Sees Large Drop in Short Interest

Kandi Technologies Group, Inc. (NASDAQ:KNDI) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 127,620 shares, a drop of 89.4% from the October 15th total of 1,198,836 shares. Based on an average trading volume of 27,383 shares, the short-interest ratio is currently 4.7 days. Approximately 1.5% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kandi Technologies Group in a research report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Kandi Technologies Group currently has an average rating of “Sell”.

Kandi Technologies Group Stock Performance

Shares of NASDAQ KNDI traded up $0.04 during midday trading on Wednesday, hitting $3.50. 668 shares of the stock traded hands, compared to its average volume of 88,440. The firm has a 50-day moving average of $5.23 and a two-hundred day moving average of $7.27. The firm has a market capitalization of $36.10 million, a P/E ratio of -1.17 and a beta of 0.64. Kandi Technologies Group has a one year low of $3.22 and a one year high of $12.00.

Kandi Technologies Group (NASDAQ:KNDI) last announced its earnings results on Monday, September 28th. The company reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $28.56 million during the quarter.

Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc. is a China-based manufacturer and distributor of electric vehicles and powersports products. Through its subsidiaries, the company develops and sells electric vehicles, electric utility vehicles, all-terrain vehicles, side-by-side vehicles, go-karts and related products. Its offerings are designed for personal transportation, recreational use, property maintenance and other utility applications. The company also produces and markets components and accessories used in electric and powersports vehicles, including batteries and other related systems.