Zapp Electric Vehicles Group (NASDAQ:ZAPP) Stock Price Up 8%

Shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) were up 8% on Monday . The company traded as high as $1.92 and last traded at $1.62. Approximately 281,971 shares changed hands during trading, an increase of 236% from the average daily volume of 83,858 shares. The stock had previously closed at $1.50.

Zapp Electric Vehicles Group Stock Up 8.0 %

The business’s 50 day simple moving average is $1.79.

Institutional Trading of Zapp Electric Vehicles Group

A hedge fund recently bought a new stake in Zapp Electric Vehicles Group stock. Geode Capital Management LLC acquired a new stake in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 22,298 shares of the company’s stock, valued at approximately $52,000. Geode Capital Management LLC owned 0.06% of Zapp Electric Vehicles Group as of its most recent SEC filing. Institutional investors and hedge funds own 24.85% of the company’s stock.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.