Short Interest in Forza X1, Inc. (NASDAQ:FRZA) Declines By 58.8%

Forza X1, Inc. (NASDAQ:FRZA) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 92,900 shares, a decrease of 58.8% from the June 15th total of 225,500 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 191,000 shares, the short-interest ratio is presently 0.5 days.

Forza X1 Stock Up 3.6 %

FRZA stock traded up $0.01 during trading on Friday, reaching $0.38. 46,697 shares of the stock were exchanged, compared to its average volume of 117,916. The firm’s 50 day moving average is $0.40 and its 200 day moving average is $0.47. Forza X1 has a twelve month low of $0.33 and a twelve month high of $1.34. The company has a quick ratio of 32.95, a current ratio of 34.27 and a debt-to-equity ratio of 0.01.

Forza X1 (NASDAQ:FRZA) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share for the quarter.

About Forza X1

Forza X1, Inc focuses on designing, developing, and manufacturing electric boats in the United States. It intends to offer its products through a vertically integrated direct-to-consumer system. Forza X1, Inc was incorporated in 2021 and is headquartered in Fort Pierce, Florida.