EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Significant Growth in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,895,784 shares, an increase of 7,860.3% from the April 30th total of 36,378 shares. Approximately 209.7% of the shares of the company are short sold. Based on an average daily trading volume, of 370,931,798 shares, the short-interest ratio is currently 0.0 days.

EZGO Technologies Price Performance

EZGO traded down $0.10 on Wednesday, hitting $1.37. The company’s stock had a trading volume of 167,961 shares, compared to its average volume of 373,815. The company’s 50 day simple moving average is $140.67 and its 200-day simple moving average is $247.58. EZGO Technologies has a 12 month low of $1.33 and a 12 month high of $2,585.63. The company has a quick ratio of 3.18, a current ratio of 3.21 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About EZGO Technologies

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.