ZOOZ Power Ltd. (NASDAQ:ZOOZ) Short Interest Update

ZOOZ Power Ltd. (NASDAQ:ZOOZ) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,250,000 shares, anincreaseof1,724.8% from the July 15th total of 68,500 shares. Approximately16.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is presently 1.1 days. Approximately16.5% of the company’s stock are sold short.

ZOOZ Power Trading Down 3.8%

Shares of ZOOZ opened at $1.75 on Friday. ZOOZ Power has a 12-month low of $0.73 and a 12-month high of $4.38. The business’s fifty day moving average is $1.40 and its 200 day moving average is $1.56.

Wall Street Analysts Forecast Growth

Separately, Maxim Group lowered ZOOZ Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th.

Hedge Funds Weigh In On ZOOZ Power

A hedge fund recently bought a new stake in ZOOZ Power stock. Jane Street Group LLC bought a new position in ZOOZ Power Ltd. (NASDAQ:ZOOZ) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,514 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned about 0.11% of ZOOZ Power at the end of the most recent reporting period. 38.06% of the stock is currently owned by institutional investors and hedge funds.

About ZOOZ Power

ZOOZ Power Ltd. engages in developing, manufacturing, marketing, and selling energy store solutions for electric vehicles in Israel, Germany, the United Kingdom, and the United States. It offers ZOOZTER-100, a kinetic power booster based on flywheel technology designed to enable sustainable and cost-effective rollout of ultra-fast electric vehicle charging stations in areas where the grid is power-limited.