Short Interest in Fly-E Group, Inc. (NASDAQ:FLYE) Rises By 380.2%

Fly-E Group, Inc. (NASDAQ:FLYE) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 970,900 shares, an increase of 380.2% from the December 31st total of 202,200 shares. Currently, 12.5% of the company’s stock are short sold. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is presently 0.6 days.

Fly-E Group Stock Down 1.2 %

Shares of Fly-E Group stock traded down $0.01 during midday trading on Thursday, reaching $0.48. 52,419 shares of the company’s stock traded hands, compared to its average volume of 654,511. Fly-E Group has a 52 week low of $0.38 and a 52 week high of $7.62. The company’s 50 day simple moving average is $0.53 and its 200 day simple moving average is $0.88.

About Fly-E Group

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.