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

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 104,896 shares, a growth of 271.2% from the September 15th total of 28,258 shares. Currently, 20.0% of the shares of the company are sold short. Based on an average trading volume of 4,457,610 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Jiuzi

A hedge fund recently bought a new position in Jiuzi stock. Sabby Management LLC purchased a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for approximately 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th largest position. Sabby Management LLC owned approximately 14.13% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JZXN shares. Wall Street Zen upgraded Jiuzi from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

Jiuzi Stock Performance

Shares of JZXN stock traded up $0.01 during trading on Tuesday, reaching $1.09. 69,029 shares of the company’s stock traded hands, compared to its average volume of 3,412,494. The firm’s 50-day moving average is $1.22 and its 200 day moving average is $1.19. Jiuzi has a 1 year low of $0.75 and a 1 year high of $18.39.

Jiuzi (NASDAQ:JZXN) last released its quarterly earnings data on Friday, July 17th. The company reported ($43.92) earnings per share for the quarter. The company had revenue of $3.57 million for the quarter.

About Jiuzi

Jiuzi Holdings Limited, operating under the name Jiuzi, is a China-based automotive retail company focused primarily on new energy vehicles (NEVs). The company sells electric and other alternative-energy passenger vehicles through a network of directly operated and franchised dealerships.

In addition to vehicle sales, Jiuzi’s business activities have included related automotive services, such as vehicle maintenance, repair and after-sales support. Its dealership model is designed to provide customers with access to NEV brands and products in local markets.

Founded in 2017, Jiuzi serves customers in China through its dealership network.