Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Rises By 752.8%

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 227,164 shares, a growth of 752.8% from the April 30th total of 26,637 shares. Approximately 43.4% of the company’s stock are short sold. Based on an average trading volume of 9,332,302 shares, the days-to-cover ratio is presently 0.0 days.

Jiuzi Price Performance

Shares of NASDAQ JZXN opened at $1.16 on Friday. The business’s 50 day moving average price is $1.03 and its two-hundred day moving average price is $2.45. Jiuzi has a twelve month low of $0.75 and a twelve month high of $204.00.

Jiuzi (NASDAQ:JZXN) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($14.49) earnings per share for the quarter. The business 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) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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. Hedge funds and other institutional investors own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research report on Tuesday, April 21st. Wall Street Zen lowered Jiuzi from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 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.