Fly-E Group, Inc. (NASDAQ:FLYE) Short Interest Down 40.4% in February

Fly-E Group, Inc. (NASDAQ:FLYEGet Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 582,100 shares, a drop of 40.4% from the February 13th total of 977,100 shares. Based on an average daily volume of 1,880,000 shares, the short-interest ratio is presently 0.3 days. Currently, 7.5% of the company’s shares are sold short.

Fly-E Group Price Performance

FLYE opened at $0.47 on Monday. The company’s 50 day simple moving average is $0.52 and its 200 day simple moving average is $0.56. Fly-E Group has a 1 year low of $0.38 and a 1 year high of $7.62.

Fly-E Group (NASDAQ:FLYEGet Free Report) last released its earnings results on Wednesday, February 19th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $5.68 million for the quarter.

Fly-E Group Company Profile

(Get Free Report)

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.

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