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

ZOOZ Power Ltd. (NASDAQ:ZOOZ) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 78,800 shares, a drop of 13.3% from the February 28th total of 90,900 shares. Based on an average trading volume of 67,900 shares, the short-interest ratio is currently 1.2 days. Approximately 1.1% of the company’s shares are short sold.

ZOOZ Power Trading Down 2.1 %

NASDAQ ZOOZ opened at $1.80 on Thursday. ZOOZ Power has a fifty-two week low of $1.25 and a fifty-two week high of $4.60. The stock has a 50 day simple moving average of $1.91 and a two-hundred day simple moving average of $2.30.

Hedge Funds Weigh In On ZOOZ Power

A hedge fund recently bought a new stake in ZOOZ Power stock. Jane Street Group LLC purchased a new stake in ZOOZ Power Ltd. (NASDAQ:ZOOZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,514 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned approximately 0.11% of ZOOZ Power as of its most recent SEC filing. 38.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “speculative buy” rating and set a $5.00 price objective on shares of ZOOZ Power in a research note on Friday, March 7th.

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.