Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Short Interest Update

Posted by Tyrone Williams on Jul 11th, 2024

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 272,300 shares, a decrease of 69.0% from the June 15th total of 877,100 shares. Approximately 18.5% of the company’s shares are sold short. Based on an average daily trading volume, of 6,840,000 shares, the days-to-cover ratio is currently 0.0 days.

Zapp Electric Vehicles Group Trading Down 1.6 %

Shares of NASDAQ ZAPP traded down $0.15 during mid-day trading on Thursday, reaching $9.20. The company had a trading volume of 5,646,303 shares, compared to its average volume of 3,411,635. The business’s 50-day moving average is $2.24 and its 200-day moving average is $4.11. Zapp Electric Vehicles Group has a 52 week low of $0.70 and a 52 week high of $43.20.

Analyst Upgrades and Downgrades

Separately, Litchfield Hills Research raised Zapp Electric Vehicles Group to a “strong-buy” rating in a research note on Monday, July 1st.

Get Our Latest Stock Analysis on ZAPP

About Zapp Electric Vehicles Group

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Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.