Short Interest in Fly-E Group, Inc. (NASDAQ:FLYE) Rises By 253.9%

Fly-E Group, Inc. (NASDAQ:FLYE) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 977,100 shares, an increase of 253.9% from the January 31st total of 276,100 shares. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 12.6% of the shares of the stock are short sold.

Fly-E Group Price Performance

Fly-E Group stock opened at $0.45 on Friday. Fly-E Group has a fifty-two week low of $0.38 and a fifty-two week high of $7.62. The stock has a fifty day moving average of $0.55 and a two-hundred day moving average of $0.59.

Fly-E Group (NASDAQ:FLYE) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.03) EPS for the quarter. The company had revenue of $5.68 million during the quarter.

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.