Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 347,800 shares, an increase of 21.4% from the September 15th total of 286,600 shares. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 4.5% of the company’s stock are short sold.
Fly-E Group Stock Down 6.4 %
NASDAQ:FLYE opened at $0.59 on Wednesday. Fly-E Group has a 52 week low of $0.51 and a 52 week high of $7.62. The company has a 50-day moving average price of $0.67.
Fly-E Group (NASDAQ:FLYE – Get Free Report) last released its earnings results on Monday, August 19th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $7.87 million during 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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