Jiuzi Holdings, Inc. (NASDAQ:JZXN) Short Interest Down 65.6% in June

Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 64,615 shares, a decrease of 65.6% from the June 15th total of 188,013 shares. Based on an average daily volume of 129,875 shares, the short-interest ratio is presently 0.5 days. Currently, 12.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Jiuzi

A hedge fund recently bought a new position in Jiuzi stock. Anson Funds Management LP acquired a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned about 1.23% of Jiuzi at the end of the most recent quarter. 0.62% of the stock is currently owned by institutional investors.

Jiuzi Stock Performance

Shares of Jiuzi stock opened at $2.17 on Monday. The firm has a fifty day moving average of $1.22 and a two-hundred day moving average of $1.32. Jiuzi has a 52 week low of $0.75 and a 52 week high of $95.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Jiuzi presently has a consensus rating of “Sell”.

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.