Short Interest in Lobo EV Technologies Ltd (NASDAQ:LOBO) Declines By 20.3%

Lobo EV Technologies Ltd (NASDAQ:LOBOGet Free Report) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 40,660 shares, a drop of 20.3% from the February 26th total of 51,028 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 24,458 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lobo EV Technologies in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Get Our Latest Research Report on LOBO

Lobo EV Technologies Stock Performance

Shares of LOBO opened at $0.43 on Monday. The firm has a 50-day moving average of $0.56 and a 200-day moving average of $0.68. Lobo EV Technologies has a one year low of $0.35 and a one year high of $2.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.56 and a quick ratio of 0.69.

Lobo EV Technologies Company Profile

(Get Free Report)

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.

Further Reading

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