ICZOOM Group Inc. (NASDAQ:IZM) Sees Large Drop in Short Interest

ICZOOM Group Inc. (NASDAQ:IZM) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 29,414 shares, a decline of 50.0% from the September 15th total of 58,774 shares. Based on an average daily volume of 188,444 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of ICZOOM Group in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

ICZOOM Group Price Performance

Shares of IZM stock traded down $0.31 during trading hours on Wednesday, reaching $0.95. 421,892 shares of the company’s stock were exchanged, compared to its average volume of 347,517. ICZOOM Group has a 1 year low of $0.85 and a 1 year high of $13.65. The stock’s fifty day moving average price is $1.19 and its two-hundred day moving average price is $1.69.

ICZOOM Group Company Profile

ICZOOM Group Inc (NASDAQ: IZM) operates a business-to-business e-commerce platform focused on the procurement and distribution of electronic components and related industrial products. The company’s platform is designed to provide small and medium-sized businesses with access to products from multiple suppliers through an integrated online purchasing experience.

Its product offerings include semiconductors, integrated circuits, discrete components, passive components, electromechanical components, modules and other electronic parts.