Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 264,700 shares, a drop of 9.3% from the October 15th total of 291,800 shares. Based on an average daily trading volume, of 348,800 shares, the short-interest ratio is presently 0.8 days. Currently, 3.4% of the company’s stock are sold short.
Fly-E Group Stock Down 24.5 %
Shares of FLYE stock traded down $0.17 during trading hours on Monday, reaching $0.52. The company had a trading volume of 819,213 shares, compared to its average volume of 862,730. The firm has a fifty day moving average of $0.62. Fly-E Group has a 12 month low of $0.50 and a 12 month high of $7.62.
Fly-E Group (NASDAQ:FLYE – Get Free Report) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $7.87 million for the quarter.
About Fly-E Group
Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.
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