EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Down 12.4% in February

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 35,228 shares, a decrease of 12.4% from the February 12th total of 40,235 shares. Currently, 6.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,760 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily trading volume, of 9,760 shares, the days-to-cover ratio is currently 3.6 days. Currently, 6.6% of the shares of the stock are sold short.

EZGO Technologies Stock Up 0.6%

EZGO opened at $1.30 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.18 and a current ratio of 3.21. The stock’s 50 day simple moving average is $1.67 and its 200 day simple moving average is $2.71. EZGO Technologies has a 1 year low of $1.22 and a 1 year high of $17.24.

Analysts Set New Price Targets

EZGO has been the topic of a number of recent research reports. Wall Street Zen cut shares of EZGO Technologies from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EZGO Technologies in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About EZGO Technologies

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.