Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Sees Large Growth in Short Interest

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 534,200 shares, an increase of 1,807.9% from the January 15th total of 28,000 shares. Approximately 20.0% of the shares of the stock are short sold. Based on an average daily volume of 630,900 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Maxim Group lowered their target price on Zapp Electric Vehicles Group from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Virtu Financial LLC acquired a new stake in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,840 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned about 0.41% of Zapp Electric Vehicles Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Zapp Electric Vehicles Group Trading Up 6.3 %

ZAPP opened at $0.85 on Friday. Zapp Electric Vehicles Group has a one year low of $0.70 and a one year high of $19.10. The business’s 50 day moving average price is $1.22 and its 200 day moving average price is $2.78.

Zapp Electric Vehicles Group Company Profile

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.