Lobo EV Technologies Ltd (NASDAQ:LOBO) Short Interest Update

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 223,213 shares, an increase of 84.2% from the June 15th total of 121,160 shares. Based on an average trading volume of 109,350 shares, the short-interest ratio is presently 2.0 days. Approximately 2.5% of the shares of the company are short sold.

Lobo EV Technologies Price Performance

Shares of LOBO stock opened at $0.66 on Friday. Lobo EV Technologies has a 12-month low of $0.35 and a 12-month high of $1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 0.63. The business has a 50 day simple moving average of $0.72 and a 200 day simple moving average of $0.62.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Lobo EV Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lobo EV Technologies currently has an average rating of “Sell”.

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.