Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Update

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 40,660 shares, a decline of 20.3% from the February 26th total of 51,028 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 24,458 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lobo EV Technologies in a research report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lobo EV Technologies has a consensus rating of “Sell”.

Lobo EV Technologies Price Performance

Shares of NASDAQ LOBO traded up $0.02 during mid-day trading on Tuesday, reaching $0.45. 15,363 shares of the company were exchanged, compared to its average volume of 66,888. Lobo EV Technologies has a twelve month low of $0.35 and a twelve month high of $2.41. The company’s 50-day simple moving average is $0.55 and its 200-day simple moving average is $0.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 1.56.

About Lobo EV Technologies

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.