Short Interest in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Declines By 25.5%

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 133,700 shares, a decline of 25.5% from the August 15th total of 179,400 shares. Based on an average trading volume of 7,710,000 shares, the short-interest ratio is presently 0.0 days. Currently, 5.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Litchfield Hills Research raised shares of Zapp Electric Vehicles Group to a “strong-buy” rating in a report on Monday, July 1st.

Zapp Electric Vehicles Group Stock Performance

Shares of NASDAQ:ZAPP opened at $3.50 on Friday. Zapp Electric Vehicles Group has a 1-year low of $0.70 and a 1-year high of $29.20. The company has a 50 day moving average price of $7.40 and a 200 day moving average price of $4.61.

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.