Short Interest in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Declines By 69.0%

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 272,300 shares, a decrease of 69.0% from the June 15th total of 877,100 shares. Approximately 18.5% of the shares of the stock are sold short. Based on an average daily volume of 6,840,000 shares, the days-to-cover ratio is presently 0.0 days.

Zapp Electric Vehicles Group Trading Up 25.0 %

Shares of NASDAQ ZAPP opened at $11.50 on Friday. The firm’s fifty day moving average is $2.37 and its two-hundred day moving average is $4.14. Zapp Electric Vehicles Group has a 52-week low of $0.70 and a 52-week high of $40.00.

Analyst Ratings Changes

Separately, Litchfield Hills Research raised shares of Zapp Electric Vehicles Group to a “strong-buy” rating in a report on Monday, July 1st.

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.