Fly-E Group, Inc. (NASDAQ:FLYE) Sees Significant Decline in Short Interest

Fly-E Group, Inc. (NASDAQ:FLYE) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 228,700 shares, a decline of 13.6% from the October 31st total of 264,700 shares. Based on an average daily trading volume, of 266,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.0% of the company’s shares are sold short.

Fly-E Group Trading Down 2.8 %

NASDAQ:FLYE opened at $0.42 on Friday. The company’s fifty day simple moving average is $0.60. Fly-E Group has a twelve month low of $0.41 and a twelve month high of $7.62.

About Fly-E Group

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.