Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Down 74.5% in June

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 121,160 shares, a decline of 74.5% from the May 31st total of 474,386 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 7,766,133 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lobo EV Technologies has a consensus rating of “Sell”.

Lobo EV Technologies Trading Down 1.7%

NASDAQ:LOBO opened at $0.69 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $0.70 and its two-hundred day moving average is $0.63. Lobo EV Technologies has a fifty-two week low of $0.35 and a fifty-two week high of $1.48.

Lobo EV Technologies (NASDAQ:LOBO) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business 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.