Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Down 36.6% in July

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 40,968 shares, a drop of 36.6% from the June 30th total of 64,615 shares. Based on an average daily volume of 15,039,155 shares, the days-to-cover ratio is currently 0.0 days. Approximately 7.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research firms have weighed in on JZXN. Wall Street Zen lowered shares of Jiuzi to a “strong sell” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Jiuzi Stock Up 4.7%

Shares of Jiuzi stock traded up $0.06 on Thursday, reaching $1.33. 451,722 shares of the company were exchanged, compared to its average volume of 4,194,337. Jiuzi has a 1-year low of $0.75 and a 1-year high of $95.20. The company’s 50-day moving average is $1.29 and its two-hundred day moving average is $1.28.

Jiuzi (NASDAQ:JZXN) last issued its quarterly earnings data on Friday, July 17th. The company reported ($43.92) EPS for the quarter. The company had revenue of $3.57 million during the quarter.

Hedge Funds Weigh In On Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Sabby Management LLC acquired a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up approximately 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest holding. Sabby Management LLC owned about 14.13% of Jiuzi at the end of the most recent reporting period. Hedge funds and other 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.