Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI) Sees Significant Growth in Short Interest

Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 64,975 shares, a growth of 77.7% from the February 12th total of 36,572 shares. Based on an average daily trading volume, of 652,875 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.6% of the shares of the company are short sold. Currently, 2.6% of the shares of the company are short sold. Based on an average daily trading volume, of 652,875 shares, the days-to-cover ratio is presently 0.1 days.

Autozi Internet Technology (Global) Stock Down 4.2%

AZI traded down $0.02 on Friday, hitting $0.55. 2,072,820 shares of the company’s stock traded hands, compared to its average volume of 28,575,964. The company’s 50 day simple moving average is $1.59 and its 200-day simple moving average is $4.88. Autozi Internet Technology has a one year low of $0.26 and a one year high of $69.00.

Autozi Internet Technology (Global) (NASDAQ:AZI) last posted its quarterly earnings results on Wednesday, February 11th. The company reported ($2.49) earnings per share for the quarter. The business had revenue of $21.46 million during the quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Autozi Internet Technology (Global) in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Autozi Internet Technology (Global) from a “hold” rating to a “strong sell” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Autozi Internet Technology (Global) Company Profile

Autozi Internet Technology (Global) Ltd., through its subsidiaries, provides professional one-stop automotive products and services through online and offline channels in the People’s Republic of China. It sells new cars, and auto parts and accessories, as well as offers automotive insurance related services. The company was founded in 2010 and is based in Beijing, China.