Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Down 61.3% in January

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 10,801 shares, a decline of 61.3% from the December 31st total of 27,888 shares. Based on an average daily volume of 52,864 shares, the days-to-cover ratio is presently 0.2 days. Approximately 2.1% of the shares of the company are short sold. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 52,864 shares, the days-to-cover ratio is presently 0.2 days.

Jiuzi Price Performance

JZXN stock traded down $0.15 during trading on Friday, reaching $1.29. 4,079,112 shares of the stock were exchanged, compared to its average volume of 333,995. Jiuzi has a 1 year low of $1.21 and a 1 year high of $312.80. The business has a 50 day moving average price of $3.31 and a 200-day moving average price of $19.21.

Institutional Trading of Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Anson Funds Management LP bought a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned approximately 1.23% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JZXN has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a report on Thursday, January 22nd. Wall Street Zen upgraded Jiuzi to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About Jiuzi

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.