Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Sees Significant Decrease in Short Interest

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 7,900 shares, a drop of 96.0% from the March 31st total of 198,000 shares. Based on an average trading volume of 23,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the shares of the stock are short sold.

Zapp Electric Vehicles Group Trading Down 24.3 %

Shares of ZAPP opened at $2.96 on Friday. The stock has a 50 day moving average price of $4.93 and a 200 day moving average price of $5.50. Zapp Electric Vehicles Group has a one year low of $2.60 and a one year high of $200.00.

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.