ZOOZ Power Ltd. (NASDAQ:ZOOZ) Short Interest Down 13.3% in March

ZOOZ Power Ltd. (NASDAQ:ZOOZ) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 78,800 shares, a decrease of 13.3% from the February 28th total of 90,900 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 67,900 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On ZOOZ Power

An institutional investor recently bought a new position in ZOOZ Power stock. Jane Street Group LLC acquired a new position in shares of ZOOZ Power Ltd. (NASDAQ:ZOOZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,514 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned approximately 0.11% of ZOOZ Power at the end of the most recent quarter. 38.06% of the stock is currently owned by institutional investors and hedge funds.

ZOOZ Power Stock Down 0.1 %

ZOOZ stock opened at $1.80 on Friday. The stock’s 50 day moving average price is $1.90 and its 200 day moving average price is $2.29. ZOOZ Power has a 1 year low of $1.25 and a 1 year high of $4.60.

Analyst Ratings Changes

Separately, Benchmark restated a “speculative buy” rating and set a $5.00 target price on shares of ZOOZ Power in a report on Friday, March 7th.

ZOOZ Power Company Profile

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited.