Short Interest in Lobo EV Technologies Ltd. (NASDAQ:LOBO) Drops By 59.9%

Lobo EV Technologies Ltd. (NASDAQ:LOBO) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 6,100 shares, a decrease of 59.9% from the October 31st total of 15,200 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 46,400 shares, the short-interest ratio is currently 0.1 days.

Lobo EV Technologies Stock Performance

Shares of NASDAQ:LOBO traded down 0.14 on Thursday, reaching 2.22. The company had a trading volume of 11,800 shares, compared to its average volume of 42,016. The company has a current ratio of 1.31, a quick ratio of 0.74 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is 2.35 and its 200-day simple moving average is 2.46. Lobo EV Technologies has a 52-week low of 1.35 and a 52-week high of 5.79.

Lobo EV Technologies Company Profile

Lobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People’s Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services.