Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Short Interest Update

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 77,100 shares, a drop of 54.0% from the October 15th total of 167,600 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average trading volume of 181,100 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Several research firms have recently weighed in on ZAPP. Maxim Group started coverage on shares of Zapp Electric Vehicles Group in a report on Tuesday, October 8th. They issued a “buy” rating and a $7.00 target price on the stock. BNP Paribas raised Zapp Electric Vehicles Group to a “strong-buy” rating in a report on Tuesday, October 8th.

Zapp Electric Vehicles Group Stock Performance

ZAPP stock opened at $1.87 on Wednesday. The company has a 50 day moving average price of $2.78 and a 200 day moving average price of $3.98. Zapp Electric Vehicles Group has a fifty-two week low of $0.70 and a fifty-two week high of $19.10.

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.