ZOOZ Power Ltd. (NASDAQ:ZOOZ) Short Interest Update

ZOOZ Power Ltd. (NASDAQ:ZOOZ) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 28,728 shares, a drop of 58.6% from the March 31st total of 69,316 shares. Based on an average daily trading volume, of 600,865 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

ZOOZ Power Stock Performance

ZOOZ opened at $0.32 on Monday. The business has a 50-day moving average of $0.35 and a two-hundred day moving average of $0.60. ZOOZ Power has a 12 month low of $0.29 and a 12 month high of $5.06.

Wall Street Analyst Weigh In

ZOOZ has been the subject of a number of recent research reports. Zacks Research upgraded ZOOZ Power to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZOOZ Power in a research report on Wednesday. Finally, Chardan Capital reiterated a “buy” rating and set a $2.00 price objective on shares of ZOOZ Power in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ZOOZ Power presently has an average rating of “Hold” and an average target price of $2.00.

Institutional Trading of ZOOZ Power

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of ZOOZ Power during the 4th quarter worth about $3,066,000. Velan Capital Investment Management LP purchased a new stake in shares of ZOOZ Power during the 3rd quarter worth about $4,280,000. XTX Topco Ltd grew its holdings in shares of ZOOZ Power by 986.6% during the 4th quarter. XTX Topco Ltd now owns 116,148 shares of the company’s stock worth $51,000 after purchasing an additional 105,459 shares during the period. Pantera Capital Partners LP purchased a new stake in shares of ZOOZ Power during the 4th quarter worth about $1,867,000. Finally, Jane Street Group LLC grew its holdings in shares of ZOOZ Power by 347.7% during the 4th quarter. Jane Street Group LLC now owns 91,819 shares of the company’s stock worth $40,000 after purchasing an additional 71,311 shares during the period. Hedge funds and other institutional investors own 38.06% of the company’s stock.

About ZOOZ Power

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited. The company was formerly known as Chakratec Ltd. and changed its name to ZOOZ Power Ltd. in March 2021.