EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Significant Increase in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 47,725 shares, a growth of 135.3% from the June 30th total of 20,283 shares. Based on an average trading volume of 91,690 shares, the days-to-cover ratio is currently 0.5 days. Currently, 3.5% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen raised EZGO Technologies to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings upgraded shares of EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, EZGO Technologies has a consensus rating of “Sell”.

EZGO Technologies Stock Performance

Shares of NASDAQ:EZGO opened at $0.94 on Tuesday. EZGO Technologies has a 52 week low of $0.88 and a 52 week high of $2,585.62. The company has a 50-day moving average price of $1.39 and a 200 day moving average price of $135.46.

EZGO Technologies Company Profile

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.