Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Update

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 89,090 shares, a decline of 73.7% from the December 15th total of 338,287 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 98,103 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 98,103 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lobo EV Technologies in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lobo EV Technologies currently has an average rating of “Sell”.

Lobo EV Technologies Stock Performance

Shares of NASDAQ LOBO traded up $0.01 during midday trading on Thursday, reaching $0.58. The company had a trading volume of 26,545 shares, compared to its average volume of 73,314. The company has a current ratio of 1.56, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. Lobo EV Technologies has a 1 year low of $0.35 and a 1 year high of $2.41. The business’s 50-day simple moving average is $0.68 and its 200 day simple moving average is $0.68.

About Lobo EV Technologies

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.