Kandi Technologies Group, Inc. (NASDAQ:KNDI) Sees Large Drop in Short Interest

Kandi Technologies Group, Inc. (NASDAQ:KNDI) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 127,620 shares, a drop of 89.4% from the October 15th total of 1,198,836 shares. Based on an average daily volume of 27,383 shares, the short-interest ratio is currently 4.7 days. Approximately 1.5% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kandi Technologies Group in a research note on Friday, October 30th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Kandi Technologies Group has a consensus rating of “Sell”.

Kandi Technologies Group Stock Performance

Shares of NASDAQ KNDI traded up $0.04 during trading hours on Wednesday, hitting $3.50. The company’s stock had a trading volume of 668 shares, compared to its average volume of 88,440. Kandi Technologies Group has a 12 month low of $3.22 and a 12 month high of $12.00. The stock has a market cap of $36.10 million, a price-to-earnings ratio of -1.17 and a beta of 0.64. The business has a 50-day simple moving average of $5.23 and a 200-day simple moving average of $7.27.

Kandi Technologies Group (NASDAQ:KNDI) last released its quarterly earnings results on Monday, September 28th. The company reported $0.50 EPS for the quarter. The business had revenue of $28.56 million for the quarter.

Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc. is a China-based manufacturer and distributor of electric vehicles and powersports products. Through its subsidiaries, the company develops and sells electric vehicles, electric utility vehicles, all-terrain vehicles, side-by-side vehicles, go-karts and related products. Its offerings are designed for personal transportation, recreational use, property maintenance and other utility applications. The company also produces and markets components and accessories used in electric and powersports vehicles, including batteries and other related systems.