Forza X1, Inc. (NASDAQ:FRZA) Short Interest Down 63.7% in August

Forza X1, Inc. (NASDAQ:FRZA) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 202,100 shares, a drop of 63.7% from the August 15th total of 556,300 shares. Based on an average trading volume of 334,700 shares, the short-interest ratio is presently 0.6 days. Approximately 2.3% of the shares of the stock are sold short.

Forza X1 Price Performance

Forza X1 stock traded up $0.03 during midday trading on Friday, reaching $0.25. 328,149 shares of the company were exchanged, compared to its average volume of 162,154. The firm’s 50-day simple moving average is $0.29 and its 200-day simple moving average is $0.39. Forza X1 has a 1 year low of $0.17 and a 1 year high of $0.91. The company has a market capitalization of $3.90 million, a price-to-earnings ratio of -0.71 and a beta of 2.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 14.16 and a current ratio of 14.62.

Forza X1 (NASDAQ:FRZA) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter.

Forza X1 Company Profile

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.