Lobo EV Technologies Ltd (NASDAQ:LOBO) Sees Significant Decrease in Short Interest

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 474,386 shares, a decline of 55.1% from the May 14th total of 1,056,838 shares. Currently, 5.4% of the company’s shares are short sold. Based on an average trading volume of 393,188 shares, the short-interest ratio is currently 1.2 days.

Lobo EV Technologies Trading Down 6.2%

Shares of Lobo EV Technologies stock traded down $0.05 during trading on Friday, reaching $0.79. The stock had a trading volume of 216,413 shares, compared to its average volume of 4,917,082. The stock has a fifty day moving average price of $0.65 and a two-hundred day moving average price of $0.63. Lobo EV Technologies has a 52 week low of $0.35 and a 52 week high of $1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.63 and a current ratio of 1.39.

Lobo EV Technologies (NASDAQ:LOBO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $5.56 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Lobo EV Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Lobo EV Technologies

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.