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

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 246,925 shares, a decline of 50.5% from the November 30th total of 498,682 shares. Approximately 49.9% of the company’s stock are short sold. Based on an average trading volume of 1,082,434 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,082,434 shares, the days-to-cover ratio is currently 0.2 days. Approximately 49.9% of the company’s stock are short sold.

Hedge Funds Weigh In On Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Anson Funds Management LP bought a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned about 1.23% of Jiuzi as of its most recent SEC filing. 0.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on JZXN shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a report on Wednesday, October 8th. Wall Street Zen upgraded Jiuzi to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Jiuzi presently has an average rating of “Sell”.

Jiuzi Price Performance

NASDAQ JZXN traded down $0.09 during trading hours on Monday, reaching $1.70. The stock had a trading volume of 55,331 shares, compared to its average volume of 110,700. The stock has a fifty day moving average of $7.80 and a 200 day moving average of $26.54. Jiuzi has a 52-week low of $1.58 and a 52-week high of $312.80.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.