Shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP – Get Free Report) 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 – Free Report) 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.
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