Lobo EV Technologies Ltd (NASDAQ:LOBO) Sees Large Increase in Short Interest

Lobo EV Technologies Ltd (NASDAQ:LOBO) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 223,213 shares, an increase of 84.2% from the June 15th total of 121,160 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily volume of 109,350 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Lobo EV Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lobo EV Technologies presently has a consensus rating of “Sell”.

Lobo EV Technologies Price Performance

NASDAQ LOBO opened at $0.69 on Friday. Lobo EV Technologies has a one year low of $0.35 and a one year high of $1.48. The company has a 50-day simple moving average of $0.72 and a 200-day simple moving average of $0.62. The company has a quick ratio of 0.63, a current ratio of 1.39 and a debt-to-equity ratio of 0.01.

Lobo EV Technologies (NASDAQ:LOBO) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $5.56 million for the quarter.

About Lobo EV Technologies

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.