Fly-E Group, Inc. (NASDAQ:FLYE) Short Interest Down 40.4% in February

Fly-E Group, Inc. (NASDAQ:FLYE) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 582,100 shares, a drop of 40.4% from the February 13th total of 977,100 shares. Currently, 7.5% of the shares of the stock are short sold. Based on an average daily volume of 1,880,000 shares, the days-to-cover ratio is presently 0.3 days.

Fly-E Group Trading Down 1.5 %

Shares of FLYE opened at $0.47 on Monday. The company has a 50-day simple moving average of $0.52 and a 200-day simple moving average of $0.56. Fly-E Group has a 52-week low of $0.38 and a 52-week high of $7.62.

Fly-E Group (NASDAQ:FLYE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.03) EPS for the quarter. The company had revenue of $5.68 million for the quarter.

Fly-E Group Company Profile

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.