Short Interest in Lobo EV Technologies Ltd (NASDAQ:LOBO) Decreases By 50.5%

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 47,015 shares, a decrease of 50.5% from the July 30th total of 95,066 shares. Based on an average daily trading volume, of 49,407 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Lobo EV Technologies Price Performance

LOBO traded down $0.03 on Friday, reaching $0.62. The company’s stock had a trading volume of 95,551 shares, compared to its average volume of 37,500. Lobo EV Technologies has a 1 year low of $0.36 and a 1 year high of $1.48. The business’s 50 day moving average is $0.69 and its 200 day moving average is $0.64. The company has a current ratio of 1.39, a quick ratio of 0.63 and a debt-to-equity ratio of 0.01.

Lobo EV Technologies Company Profile

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.