Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Large Growth in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 255,038 shares, an increase of 604.6% from the January 29th total of 36,197 shares. Currently, 48.7% of the company’s stock are short sold. Based on an average daily volume of 11,961,438 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 11,961,438 shares, the days-to-cover ratio is presently 0.0 days. Currently, 48.7% of the company’s stock are short sold.

Analyst Ratings Changes

Several brokerages have commented on JZXN. Wall Street Zen upgraded shares of Jiuzi to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Jiuzi Price Performance

Shares of JZXN stock traded down $0.06 during trading hours on Wednesday, hitting $1.25. The stock had a trading volume of 152,095 shares, compared to its average volume of 6,937,830. The stock’s 50 day moving average is $1.69 and its 200 day moving average is $14.18. Jiuzi has a twelve month low of $1.03 and a twelve month high of $312.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP bought a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned about 1.23% of Jiuzi as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.62% of the company’s stock.

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.