Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Down 40.1% in May

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 135,981 shares, a decrease of 40.1% from the May 14th total of 227,164 shares. Based on an average trading volume of 222,419 shares, the short-interest ratio is currently 0.6 days. Currently, 26.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Jiuzi from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Jiuzi Price Performance

Shares of NASDAQ:JZXN opened at $1.55 on Wednesday. The firm has a 50 day simple moving average of $1.12 and a 200 day simple moving average of $1.81. Jiuzi has a one year low of $0.75 and a one year high of $95.20.

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

Institutional Investors Weigh In On Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP purchased a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 quarter. Institutional investors own 0.62% of the company’s stock.

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.