Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Update

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 40,968 shares, a decrease of 36.6% from the June 30th total of 64,615 shares. Approximately 7.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,039,155 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC acquired a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest position. Sabby Management LLC owned approximately 14.13% of Jiuzi as of its most recent SEC filing. Institutional investors own 0.62% of the company’s stock.

Jiuzi Trading Up 9.0%

Shares of NASDAQ JZXN traded up $0.12 during midday trading on Friday, hitting $1.45. The company’s stock had a trading volume of 462,179 shares, compared to its average volume of 4,168,902. Jiuzi has a 12-month low of $0.75 and a 12-month high of $95.20. The business’s 50 day moving average is $1.29 and its two-hundred day moving average is $1.27.

Jiuzi (NASDAQ:JZXN) last announced its quarterly earnings data on Friday, July 17th. The company reported ($43.92) EPS for the quarter. The business had revenue of $3.57 million during the quarter.

Analysts Set New Price Targets

JZXN has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a report on Friday, July 17th. Wall Street Zen cut shares of Jiuzi to a “strong sell” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

About Jiuzi

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.