Forza X1, Inc. (NASDAQ:FRZA) Short Interest Down 53.0% in July

Forza X1, Inc. (NASDAQ:FRZA) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 43,700 shares, a drop of 53.0% from the June 30th total of 92,900 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 201,300 shares, the days-to-cover ratio is presently 0.2 days.

Forza X1 Price Performance

Shares of Forza X1 stock remained flat at $0.33 during trading hours on Friday. The stock had a trading volume of 73,008 shares, compared to its average volume of 65,123. Forza X1 has a 1 year low of $0.31 and a 1 year high of $1.34. The stock has a market capitalization of $5.24 million, a PE ratio of -0.95 and a beta of 2.07. The stock’s 50-day moving average is $0.39 and its two-hundred day moving average is $0.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 34.27 and a quick ratio of 32.95.

Forza X1 (NASDAQ:FRZA) last announced its earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter.

About Forza X1

Forza X1, Inc focuses on designing, developing, and manufacturing electric boats in the United States. It intends to offer its products through a vertically integrated direct-to-consumer system. Forza X1, Inc was incorporated in 2021 and is headquartered in Fort Pierce, Florida.