Short Interest in Jiuzi Holdings, Inc. (NASDAQ:JZXN) Decreases By 28.5%

Jiuzi Holdings, Inc. (NASDAQ:JZXN - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 157,400 shares, a drop of 28.5% from the April 30th total of 220,200 shares. Approximately 1.4% of the company's shares are short sold. Based on an average trading volume of 160,600 shares, the days-to-cover ratio is currently 1.0 days.

Jiuzi Stock Performance

Shares of NASDAQ:JZXN traded up $0.08 during mid-day trading on Thursday, reaching $4.37. 19,525 shares of the company were exchanged, compared to its average volume of 170,586. Jiuzi has a 1 year low of $1.00 and a 1 year high of $7.82. The firm's 50-day simple moving average is $3.86 and its 200 day simple moving average is $3.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jiuzi stock. XTX Topco Ltd bought a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 31,904 shares of the company's stock, valued at approximately $44,000. XTX Topco Ltd owned approximately 15.95% of Jiuzi at the end of the most recent quarter. 0.62% of the stock is owned by institutional investors.

About Jiuzi

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People's Republic of China. It provides corporate investment consulting services.