ICZOOM Group Inc. (NASDAQ:IZM) Short Interest Update

ICZOOM Group Inc. (NASDAQ:IZM) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 43,778 shares, a decline of 37.8% from the January 29th total of 70,354 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 28,817 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 28,817 shares, the short-interest ratio is currently 1.5 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of ICZOOM Group

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in ICZOOM Group in the fourth quarter worth approximately $45,000. XTX Topco Ltd acquired a new stake in ICZOOM Group in the 4th quarter valued at $48,000. Finally, Susquehanna International Group LLP bought a new stake in ICZOOM Group during the 3rd quarter valued at $57,000. 34.25% of the stock is currently owned by institutional investors and hedge funds.

ICZOOM Group Stock Performance

ICZOOM Group stock opened at $0.84 on Friday. ICZOOM Group has a 52-week low of $0.82 and a 52-week high of $2.74. The stock’s 50 day moving average price is $1.51 and its two-hundred day moving average price is $1.75.

ICZOOM Group (NASDAQ:IZM) last released its earnings results on Friday, October 24th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $48.35 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of ICZOOM Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About ICZOOM Group

iCZOOM Group (NASDAQ:IZM) operates as a China-based industrial equipment manufacturer focused on the design, development and sale of advanced CNC machine tools and integrated automation systems. Through its subsidiary network, the company delivers precision machining solutions for a variety of manufacturing processes, from heavy-duty milling to high-speed drilling and tapping.

The company’s product lineup includes large-scale gantry CNC machining centers, horizontal and vertical machining centers, multi-axis CNC milling machines, precision metal cutting equipment and turnkey automated production lines.