Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Sees Significant Drop in Short Interest

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 7,900 shares, a decline of 96.0% from the March 31st total of 198,000 shares. Based on an average daily trading volume, of 23,500 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the shares of the stock are short sold.

Zapp Electric Vehicles Group Trading Down 3.7 %

ZAPP stock opened at $2.85 on Friday. The business’s 50-day moving average is $4.87 and its 200 day moving average is $5.44. Zapp Electric Vehicles Group has a 12-month low of $2.60 and a 12-month high of $200.00.

Zapp Electric Vehicles Group Company Profile

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.