Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Expands By 129.6%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 94,060 shares, an increase of 129.6% from the July 15th total of 40,968 shares. Based on an average daily volume of 4,558,468 shares, the short-interest ratio is currently 0.0 days. Approximately 18.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JZXN shares. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research report on Friday, July 17th. Wall Street Zen cut Jiuzi to a “strong sell” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Jiuzi

A hedge fund recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th biggest holding. Sabby Management LLC owned approximately 14.13% of Jiuzi as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.62% of the company’s stock.

Jiuzi Trading Down 2.1%

JZXN stock traded down $0.03 during trading on Friday, hitting $1.39. The stock had a trading volume of 88,955 shares, compared to its average volume of 2,944,266. The company’s 50 day moving average price is $1.36 and its two-hundred day moving average price is $1.25. Jiuzi has a 1-year low of $0.75 and a 1-year high of $95.20.

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

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.