Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Down 38.2% in July

Lobo EV Technologies Ltd (NASDAQ:LOBO) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 137,852 shares, a decline of 38.2% from the June 30th total of 223,213 shares. Based on an average trading volume of 494,158 shares, the short-interest ratio is presently 0.3 days. Approximately 1.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Lobo EV Technologies Stock Performance

Lobo EV Technologies stock traded down $0.02 during trading hours on Thursday, reaching $0.69. The company had a trading volume of 12,373 shares, compared to its average volume of 2,353,678. The company has a 50-day moving average price of $0.74 and a 200 day moving average price of $0.63. Lobo EV Technologies has a 12-month low of $0.35 and a 12-month high of $1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 0.63.

Lobo EV Technologies (NASDAQ:LOBO) last announced 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 for 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.