Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 344,800 shares, a drop of 14.6% from the March 15th total of 403,800 shares. Based on an average daily volume of 486,500 shares, the days-to-cover ratio is currently 0.7 days. Approximately 4.4% of the company’s shares are short sold.
Fly-E Group Stock Up 3.6 %
Shares of NASDAQ:FLYE opened at $0.44 on Monday. The business has a fifty day simple moving average of $0.46 and a 200-day simple moving average of $0.53. Fly-E Group has a 52 week low of $0.33 and a 52 week high of $7.62.
Fly-E Group (NASDAQ:FLYE – Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.03) EPS for the quarter. The business had revenue of $5.68 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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