Fly-E Group, Inc. (NASDAQ:FLYE) Short Interest Update

Fly-E Group, Inc. (NASDAQ:FLYE) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 970,900 shares, an increase of 380.2% from the December 31st total of 202,200 shares. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is currently 0.6 days. Currently, 12.5% of the shares of the company are sold short.

Fly-E Group Stock Performance

NASDAQ FLYE traded down $0.03 on Tuesday, hitting $0.51. 196,441 shares of the company’s stock traded hands, compared to its average volume of 719,397. The firm’s 50-day moving average price is $0.53 and its two-hundred day moving average price is $0.88. Fly-E Group has a 1-year low of $0.38 and a 1-year high of $7.62.

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.