EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Update

EZGO Technologies Ltd. (NASDAQ:EZGO) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,900 shares, a decline of 98.5% from the March 31st total of 446,300 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 569,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On EZGO Technologies

An institutional investor recently bought a new position in EZGO Technologies stock. Sabby Management LLC bought a new position in shares of EZGO Technologies Ltd. (NASDAQ:EZGO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,847,387 shares of the company’s stock, valued at approximately $406,000. EZGO Technologies makes up about 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 13th largest position. Sabby Management LLC owned approximately 5.47% of EZGO Technologies at the end of the most recent reporting period. Institutional investors own 7.98% of the company’s stock.

EZGO Technologies Trading Up 8.2 %

Shares of EZGO Technologies stock traded up $0.16 during trading on Friday, reaching $2.12. The company’s stock had a trading volume of 194,055 shares, compared to its average volume of 1,729,091. The company has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $3.73. EZGO Technologies has a fifty-two week low of $1.52 and a fifty-two week high of $110.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.72 and a current ratio of 4.79.

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.