Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Short Interest Update

Posted by Jim Brewer on Jan 16th, 2025

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 79,600 shares, a decrease of 27.2% from the December 15th total of 109,400 shares. Based on an average daily trading volume, of 132,900 shares, the days-to-cover ratio is presently 0.6 days. Approximately 3.0% of the company’s shares are short sold.

Zapp Electric Vehicles Group Stock Down 1.8 %

Shares of ZAPP stock opened at $1.07 on Thursday. The firm has a 50 day moving average of $1.54 and a 200-day moving average of $3.94. Zapp Electric Vehicles Group has a 52 week low of $0.70 and a 52 week high of $19.10.

Institutional Investors Weigh In On Zapp Electric Vehicles Group

A hedge fund recently bought a new stake in Zapp Electric Vehicles Group stock. Virtu Financial LLC acquired a new position in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,840 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.41% of Zapp Electric Vehicles Group at the end of the most recent reporting period.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. BNP Paribas upgraded shares of Zapp Electric Vehicles Group to a “strong-buy” rating in a report on Tuesday, October 8th. Maxim Group started coverage on Zapp Electric Vehicles Group in a research note on Tuesday, October 8th. They issued a “buy” rating and a $7.00 price objective on the stock.

Read Our Latest Analysis on ZAPP

About Zapp Electric Vehicles Group

(Get Free Report)

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.