Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Down 74.5% in June

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 121,160 shares, a decline of 74.5% from the May 31st total of 474,386 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 7,766,133 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lobo EV Technologies presently has an average rating of “Sell”.

Lobo EV Technologies Stock Down 1.7%

Shares of Lobo EV Technologies stock opened at $0.69 on Friday. Lobo EV Technologies has a 1 year low of $0.35 and a 1 year high of $1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.63 and a current ratio of 1.39. The business has a 50 day moving average price of $0.70 and a 200 day moving average price of $0.63.

Lobo EV Technologies (NASDAQ:LOBO) last announced its earnings results on Tuesday, April 28th. The company reported ($0.12) EPS for the quarter. The business had revenue of $5.56 million during the quarter.

About Lobo EV Technologies

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.