Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Sees Large Growth in Short Interest

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 534,200 shares, a growth of 1,807.9% from the January 15th total of 28,000 shares. Currently, 20.0% of the company’s stock are short sold. Based on an average daily trading volume, of 630,900 shares, the short-interest ratio is currently 0.8 days.

Zapp Electric Vehicles Group Stock Up 6.6 %

Shares of ZAPP opened at $0.80 on Thursday. Zapp Electric Vehicles Group has a 52 week low of $0.70 and a 52 week high of $19.10. The company’s 50 day moving average price is $1.24 and its 200 day moving average price is $2.79.

Wall Street Analysts Forecast Growth

Separately, Maxim Group decreased their price objective on Zapp Electric Vehicles Group from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, February 3rd.

Hedge Funds 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 stake in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,840 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned about 0.41% of Zapp Electric Vehicles Group at the end of the most recent quarter.

Zapp Electric Vehicles Group Company Profile

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.