Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 582,100 shares, a drop of 40.4% from the February 13th total of 977,100 shares. Approximately 7.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is presently 0.3 days.
Fly-E Group Trading Up 1.1 %
Shares of FLYE traded up $0.01 during mid-day trading on Friday, reaching $0.48. 16,005 shares of the company’s stock were exchanged, compared to its average volume of 1,168,619. Fly-E Group has a 52-week low of $0.38 and a 52-week high of $7.62. The company has a 50-day simple moving average of $0.52 and a two-hundred day simple moving average of $0.56.
Fly-E Group (NASDAQ:FLYE – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $5.68 million for the quarter.
About Fly-E Group
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.
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