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

EZGO Technologies Ltd. (NASDAQ:EZGO) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 244,600 shares, an increase of 420.4% from the August 15th total of 47,000 shares. Based on an average trading volume of 89,600 shares, the short-interest ratio is currently 2.7 days. Approximately 10.3% of the company’s stock are sold short.

EZGO Technologies Price Performance

NASDAQ EZGO traded up $0.02 during mid-day trading on Friday, reaching $1.31. The stock had a trading volume of 40,362 shares, compared to its average volume of 262,681. EZGO Technologies has a 1 year low of $0.85 and a 1 year high of $8.36. The company has a fifty day moving average price of $1.36 and a 200 day moving average price of $1.94.

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.