Lobo EV Technologies Ltd. (NASDAQ:LOBO) Short Interest Update

Lobo EV Technologies Ltd. (NASDAQ:LOBO) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 6,900 shares, a decrease of 28.1% from the August 15th total of 9,600 shares. Based on an average daily volume of 16,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are short sold.

Lobo EV Technologies Stock Down 3.2 %

Lobo EV Technologies stock traded down 0.06 during midday trading on Monday, hitting 1.80. 3,780 shares of the company’s stock were exchanged, compared to its average volume of 36,724. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 0.78. Lobo EV Technologies has a 12 month low of 1.66 and a 12 month high of 5.79. The business’s 50-day moving average price is 2.43.

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.