Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP – Get Free Report) 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.
Read Our Latest Analysis on Zapp Electric Vehicles Group
Zapp Electric Vehicles Group Stock Performance
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.
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