EZGO Technologies Ltd. (NASDAQ:EZGO) Sees Significant Decline in Short Interest

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 20,283 shares, a decline of 84.1% from the June 15th total of 127,751 shares. Based on an average trading volume of 2,069,184 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

EZGO has been the subject of a number of recent research reports. Wall Street Zen upgraded EZGO Technologies to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings upgraded EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, EZGO Technologies has an average rating of “Sell”.

EZGO Technologies Price Performance

EZGO remained flat at $1.27 during trading hours on Monday. The company had a trading volume of 168,669 shares, compared to its average volume of 1,104,719. The company’s 50-day moving average price is $8.16 and its 200-day moving average price is $156.37. EZGO Technologies has a one year low of $1.12 and a one year high of $2,585.62.

About EZGO Technologies

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.