Short Interest in Lobo EV Technologies Ltd. (NASDAQ:LOBO) Declines By 59.9%

Lobo EV Technologies Ltd. (NASDAQ:LOBO) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 6,100 shares, a decrease of 59.9% from the October 31st total of 15,200 shares. Based on an average daily volume of 46,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

Lobo EV Technologies Stock Performance

LOBO stock opened at 2.06 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.31 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average is 2.37 and its 200 day moving average is 2.45. Lobo EV Technologies has a 12 month low of 1.35 and a 12 month high of 5.79.

About Lobo EV Technologies

Lobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People’s Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services.