Short Interest in EZGO Technologies Ltd. (NASDAQ:EZGO) Decreases By 36.2%

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 30,444 shares, a decrease of 36.2% from the July 15th total of 47,725 shares. Based on an average daily trading volume, of 156,695 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.2% of the shares of the company are short sold.

EZGO Technologies Trading Up 6.7%

Shares of EZGO opened at $1.11 on Thursday. The company has a 50-day simple moving average of $1.19 and a 200-day simple moving average of $101.59. EZGO Technologies has a 52-week low of $0.88 and a 52-week high of $1,811.25.

EZGO Technologies (NASDAQ:EZGO) last issued its earnings results on Friday, August 14th. The company reported ($26.49) earnings per share for the quarter. The business had revenue of $3.18 million for the quarter.

Analysts Set New Price Targets

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

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.