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

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 227,164 shares, an increase of 752.8% from the April 30th total of 26,637 shares. Based on an average daily volume of 9,332,302 shares, the days-to-cover ratio is currently 0.0 days. Approximately 43.4% of the company’s stock are sold short.

Analysts Set New Price Targets

JZXN has been the topic of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Jiuzi from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Jiuzi Stock Performance

NASDAQ:JZXN traded up $0.02 during midday trading on Friday, reaching $1.16. The stock had a trading volume of 246,024 shares, compared to its average volume of 5,299,782. Jiuzi has a 1-year low of $0.75 and a 1-year high of $204.00. The firm’s fifty day simple moving average is $1.03 and its 200-day simple moving average is $2.45.

Jiuzi (NASDAQ:JZXN) last posted its earnings results on Tuesday, February 24th. The company reported ($14.49) earnings per share (EPS) for the quarter. The company had revenue of $0.95 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest holding. Sabby Management LLC owned approximately 14.13% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is owned by institutional investors.

Jiuzi Company Profile

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.