Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP – Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 162,000 shares, a decline of 69.7% from the January 31st total of 534,200 shares. Currently, 6.1% of the shares of the stock are sold short. Based on an average trading volume of 646,000 shares, the short-interest ratio is presently 0.3 days.
Zapp Electric Vehicles Group Price Performance
Shares of ZAPP opened at $0.81 on Friday. The business’s 50-day moving average price is $1.07 and its 200 day moving average price is $2.19. Zapp Electric Vehicles Group has a 1-year low of $0.70 and a 1-year high of $19.10.
Analyst Upgrades and Downgrades
Separately, Maxim Group dropped their price target on Zapp Electric Vehicles Group from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd.
Hedge Funds Weigh In On Zapp Electric Vehicles Group
An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Virtu Financial LLC bought a new stake in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,840 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.41% of Zapp Electric Vehicles Group at the end of the most recent reporting period.
About Zapp Electric Vehicles Group
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.
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