Lobo EV Technologies Ltd (NASDAQ:LOBO) Sees Large Drop in Short Interest

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 474,386 shares, a decrease of 55.1% from the May 14th total of 1,056,838 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 393,188 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Lobo EV Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lobo EV Technologies presently has an average rating of “Sell”.

Lobo EV Technologies Price Performance

Shares of NASDAQ LOBO traded down $0.05 during mid-day trading on Friday, hitting $0.79. 216,413 shares of the company traded hands, compared to its average volume of 4,603,730. Lobo EV Technologies has a 1 year low of $0.35 and a 1 year high of $1.48. The company has a current ratio of 1.39, a quick ratio of 0.63 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $0.65 and a two-hundred day moving average of $0.63.

Lobo EV Technologies (NASDAQ:LOBO) last announced its earnings results on Tuesday, April 28th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $5.56 million during the quarter.

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.