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

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 133,700 shares, a decline of 25.5% from the August 15th total of 179,400 shares. Currently, 5.1% of the shares of the stock are sold short. Based on an average trading volume of 7,710,000 shares, the short-interest ratio is currently 0.0 days.

Zapp Electric Vehicles Group Stock Up 12.5 %

NASDAQ:ZAPP opened at $3.50 on Monday. The stock’s fifty day moving average price is $7.40 and its two-hundred day moving average price is $4.61. Zapp Electric Vehicles Group has a 52-week low of $0.70 and a 52-week high of $29.20.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research upgraded shares of Zapp Electric Vehicles Group to a “strong-buy” rating in a research 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.