ZOOZ Power Ltd. (NASDAQ:ZOOZ) Short Interest Down 13.3% in March

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

ZOOZ Power Stock Up 3.9 %

NASDAQ:ZOOZ opened at $1.84 on Wednesday. ZOOZ Power has a 52-week low of $1.25 and a 52-week high of $4.60. The stock has a fifty day simple moving average of $1.92 and a 200-day simple moving average of $2.30.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On ZOOZ Power

A hedge fund recently bought a new stake in ZOOZ Power stock. Jane Street Group LLC acquired a new position in shares of ZOOZ Power Ltd. (NASDAQ:ZOOZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,514 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned approximately 0.11% of ZOOZ Power at the end of the most recent reporting period. 38.06% of the stock is owned by hedge funds and other institutional investors.

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.