ZOOZ Power Ltd. (NASDAQ:ZOOZ) Short Interest Update

ZOOZ Power Ltd. (NASDAQ:ZOOZ) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 103,743 shares, an increase of 261.1% from the April 15th total of 28,728 shares. Based on an average daily trading volume, of 308,406 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

ZOOZ Power Trading Down 6.6%

Shares of ZOOZ stock opened at $0.29 on Thursday. ZOOZ Power has a twelve month low of $0.25 and a twelve month high of $5.06. The stock has a fifty day simple moving average of $0.33 and a two-hundred day simple moving average of $0.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its position in ZOOZ Power by 347.7% during the 4th quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock valued at $40,000 after purchasing an additional 71,311 shares during the period. XTX Topco Ltd lifted its holdings in ZOOZ Power by 986.6% during the fourth quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock worth $51,000 after buying an additional 105,459 shares during the period. Bank of America Corp DE lifted its holdings in ZOOZ Power by 1,122,810.5% during the third quarter. Bank of America Corp DE now owns 213,353 shares of the company’s stock worth $457,000 after buying an additional 213,334 shares during the period. Velan Capital Investment Management LP purchased a new stake in ZOOZ Power during the third quarter worth $4,280,000. Finally, Pantera Capital Partners LP purchased a new stake in ZOOZ Power during the fourth quarter worth $1,867,000. Hedge funds and other institutional investors own 38.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ZOOZ shares. Zacks Research raised shares of ZOOZ Power to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of ZOOZ Power in a research note on Wednesday, April 22nd. Finally, Chardan Capital reissued a “buy” rating and set a $2.00 target price on shares of ZOOZ Power in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ZOOZ Power presently has a consensus rating of “Hold” and an average target price of $2.00.

About ZOOZ Power

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. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.