Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Significant Drop in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 26,637 shares, a decline of 58.4% from the April 15th total of 64,084 shares. Currently, 5.1% of the company’s shares are short sold. Based on an average daily volume of 49,436 shares, the days-to-cover ratio is presently 0.5 days.

Jiuzi Price Performance

NASDAQ JZXN opened at $1.35 on Friday. Jiuzi has a 12 month low of $0.75 and a 12 month high of $204.00. The stock has a 50 day moving average of $1.06 and a 200-day moving average of $3.16.

Jiuzi (NASDAQ:JZXN) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($14.49) earnings per share for the quarter. The company had revenue of $0.95 million during the quarter.

Institutional Investors Weigh In On Jiuzi

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JZXN. Wall Street Zen cut Jiuzi from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.