Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 133,700 shares, a drop of 25.5% from the August 15th total of 179,400 shares. Based on an average daily volume of 7,710,000 shares, the short-interest ratio is currently 0.0 days. Approximately 5.1% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Separately, Litchfield Hills Research upgraded shares of Zapp Electric Vehicles Group to a “strong-buy” rating in a research report on Monday, July 1st.
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Zapp Electric Vehicles Group Stock Performance
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.
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