Jianzhi Education Technology Group Company Ltd. Sponsored ADR (NASDAQ:JZ) Shares Shorted: Short Interest Up 315.7% in September

Jianzhi Education Technology Group Company Ltd. Sponsored ADR (NASDAQ:JZ) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 223,193 shares, a growth of 315.7% from the September 15th total of 53,688 shares. Based on an average daily volume of 2,771,012 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.5% of the company’s stock are short sold.

Jianzhi Education Technology Group Trading Down 11.7%

Shares of NASDAQ:JZ traded down $0.15 during midday trading on Monday, reaching $1.13. 4,052,589 shares of the company’s stock traded hands, compared to its average volume of 2,267,352. Jianzhi Education Technology Group has a one year low of $0.37 and a one year high of $164.00. The stock has a 50 day moving average of $1.33 and a 200 day moving average of $324.67.

Jianzhi Education Technology Group shares are going to reverse split on the morning of Thursday, October 15th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, October 14th.

Jianzhi Education Technology Group (NASDAQ:JZ) last announced its quarterly earnings results on Friday, August 28th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.79 million for the quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JZ. Wall Street Zen cut shares of Jianzhi Education Technology Group from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jianzhi Education Technology Group in a report on Friday, September 4th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

About Jianzhi Education Technology Group

Jianzhi Education Technology Group Company Limited (NASDAQ: JZ) is a China-based education technology company that develops and provides digital educational content and related services. The company primarily serves higher education institutions, vocational colleges and other education organizations in China.

Its offerings include digital teaching materials, online courses, educational resources and technology-enabled learning solutions designed to support instructors and students. Jianzhi also provides services intended to help schools deliver, manage and enhance digital education programs, including content development and related technical support.

The company was established in China and has focused on the domestic education market.