Short Interest in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) Expands By 1,807.9%

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 534,200 shares, a growth of 1,807.9% from the January 15th total of 28,000 shares. Based on an average daily trading volume, of 630,900 shares, the short-interest ratio is currently 0.8 days. Approximately 20.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Zapp Electric Vehicles Group

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Virtu Financial LLC acquired a new position in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,840 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.41% of Zapp Electric Vehicles Group as of its most recent filing with the Securities and Exchange Commission.

Zapp Electric Vehicles Group Stock Performance

Shares of NASDAQ ZAPP traded down $0.00 during mid-day trading on Wednesday, reaching $0.75. 75,009 shares of the company traded hands, compared to its average volume of 1,270,111. The company’s fifty day moving average is $1.25 and its two-hundred day moving average is $2.86. Zapp Electric Vehicles Group has a fifty-two week low of $0.70 and a fifty-two week high of $19.10.

Analyst Upgrades and Downgrades

Separately, Maxim Group dropped their price objective on Zapp Electric Vehicles Group from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.