Lobo EV Technologies Ltd. (NASDAQ:LOBO) Sees Large Decrease in Short Interest

Lobo EV Technologies Ltd. (NASDAQ:LOBO) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 15,200 shares, a drop of 39.4% from the October 15th total of 25,100 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the shares of the company are sold short.

Lobo EV Technologies Price Performance

Shares of LOBO stock opened at 2.16 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.74 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of 2.29 and a 200-day moving average price of 2.51. Lobo EV Technologies has a 52 week low of 1.35 and a 52 week 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.