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

EZGO Technologies Ltd. (NASDAQ:EZGO) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,895,784 shares, an increase of 7,860.3% from the April 30th total of 36,378 shares. Based on an average trading volume of 370,931,798 shares, the days-to-cover ratio is currently 0.0 days. Approximately 209.7% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

EZGO Technologies Stock Down 6.8%

Shares of NASDAQ EZGO opened at $1.37 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.18 and a current ratio of 3.21. EZGO Technologies has a 52-week low of $1.33 and a 52-week high of $2,585.63. The firm has a 50 day moving average price of $136.82 and a two-hundred day moving average price of $242.31.

EZGO Technologies Company Profile

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.