ZOOZ Power Ltd. (NASDAQ:ZOOZ) Short Interest Update

ZOOZ Power Ltd. (NASDAQ:ZOOZ) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 242,393 shares, a drop of 38.2% from the May 14th total of 392,315 shares. Based on an average daily trading volume, of 292,054 shares, the days-to-cover ratio is presently 0.8 days. Currently, 6.8% of the company’s stock are sold short.

ZOOZ Power Stock Performance

Shares of ZOOZ Power stock opened at $5.35 on Monday. The company’s 50-day moving average price is $5.95 and its two-hundred day moving average price is $7.69. ZOOZ Power has a 52 week low of $5.00 and a 52 week high of $101.20.

Analyst Ratings Changes

A number of research firms have recently weighed in on ZOOZ. Chardan Capital decreased their price objective on shares of ZOOZ Power from $40.00 to $10.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZOOZ Power in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On ZOOZ Power

Several hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd raised its position in ZOOZ Power by 986.6% in the fourth quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock worth $51,000 after acquiring an additional 105,459 shares in the last quarter. Arrington Capital Management LLC bought a new stake in ZOOZ Power in the fourth quarter worth about $4,366,000. Pantera Capital Partners LP bought a new stake in ZOOZ Power in the fourth quarter worth about $1,867,000. Jane Street Group LLC raised its position in ZOOZ Power by 347.7% in the fourth quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock worth $40,000 after acquiring an additional 71,311 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in ZOOZ Power in the fourth quarter worth about $3,066,000. 38.06% of the stock is currently owned by institutional investors.

ZOOZ Power Company Profile

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.