Jiuzi Holdings, Inc. (NASDAQ:JZXN) Sees Large Increase in Short Interest

Jiuzi Holdings, Inc. (NASDAQ:JZXN) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 57,400 shares, an increase of 115.0% from the August 15th total of 26,700 shares. Based on an average daily volume of 137,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

Jiuzi Stock Performance

Shares of Jiuzi stock opened at $1.44 on Friday. Jiuzi has a 1 year low of $1.00 and a 1 year high of $67.60. The company’s fifty day simple moving average is $2.10 and its 200-day simple moving average is $8.43.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services.