Fly-E Group, Inc. (NASDAQ:FLYE) Short Interest Up 253.9% in February

Fly-E Group, Inc. (NASDAQ:FLYE) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 977,100 shares, an increase of 253.9% from the January 31st total of 276,100 shares. Approximately 12.6% of the shares of the stock are short sold. Based on an average trading volume of 1,890,000 shares, the days-to-cover ratio is currently 0.5 days.

Fly-E Group Trading Up 0.7 %

Shares of NASDAQ FLYE traded up $0.00 during mid-day trading on Friday, hitting $0.45. 100,075 shares of the stock traded hands, compared to its average volume of 809,969. Fly-E Group has a twelve month low of $0.38 and a twelve month high of $7.62. The firm has a 50 day simple moving average of $0.55 and a two-hundred day simple moving average of $0.59.

Fly-E Group (NASDAQ:FLYE) last issued its earnings results on Wednesday, February 19th. The company reported ($0.03) EPS for the quarter. The company had revenue of $5.68 million during the quarter.

Fly-E Group Company Profile

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.