Fly-E Group, Inc. (NASDAQ:FLYE) Sees Significant Growth in Short Interest

Fly-E Group, Inc. (NASDAQ:FLYE) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 970,900 shares, a growth of 380.2% from the December 15th total of 202,200 shares. Currently, 12.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,710,000 shares, the days-to-cover ratio is currently 0.6 days.

Fly-E Group Trading Up 15.3 %

Shares of FLYE stock traded up $0.09 during trading hours on Tuesday, hitting $0.68. 1,043,581 shares of the company were exchanged, compared to its average volume of 1,208,263. Fly-E Group has a 1 year low of $0.38 and a 1 year high of $7.62. The firm has a fifty day moving average of $0.54 and a 200 day moving average of $1.30.

About Fly-E Group

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.