EZGO Technologies Ltd. (NASDAQ:EZGO) Short Interest Down 98.5% in April

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

EZGO Technologies Trading Up 8.2 %

Shares of EZGO traded up $0.16 during trading hours on Friday, reaching $2.12. 193,387 shares of the company’s stock traded hands, compared to its average volume of 472,219. 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 has a 12 month low of $1.52 and a 12 month high of $110.80. The firm’s 50 day simple moving average is $2.94 and its 200-day simple moving average is $3.73.

Hedge Funds Weigh In On EZGO Technologies

A hedge fund recently bought a new stake in EZGO Technologies stock. Sabby Management LLC bought a new stake in shares of EZGO Technologies Ltd. (NASDAQ:EZGO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,847,387 shares of the company’s stock, valued at approximately $406,000. EZGO Technologies accounts for about 0.3% of Sabby Management LLC’s holdings, making the stock its 13th largest holding. Sabby Management LLC owned 5.47% of EZGO Technologies as of its most recent SEC filing. 7.98% of the stock is currently owned by institutional investors and hedge funds.

About EZGO Technologies

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.