Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Declines By 73.7%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 67,196 shares, a decrease of 73.7% from the February 12th total of 255,038 shares. Approximately 12.8% of the shares of the company are sold short. Based on an average trading volume of 1,473,464 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,473,464 shares, the days-to-cover ratio is presently 0.0 days. Approximately 12.8% of the shares of the company are sold short.

Institutional Trading of Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Anson Funds Management LP purchased a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned approximately 1.23% of Jiuzi at the end of the most recent reporting period. Institutional investors and hedge funds own 0.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research note on Thursday, January 22nd. Wall Street Zen cut Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Jiuzi Trading Down 10.8%

Jiuzi stock traded down $0.15 during mid-day trading on Wednesday, hitting $1.24. 222,408 shares of the company’s stock traded hands, compared to its average volume of 4,441,626. The firm has a 50 day simple moving average of $1.59 and a two-hundred day simple moving average of $11.82. Jiuzi has a fifty-two week low of $0.75 and a fifty-two week high of $312.80.

Jiuzi Company Profile

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.