Short Interest in Fly-E Group, Inc. (NASDAQ:FLYE) Declines By 13.3%

Fly-E Group, Inc. (NASDAQ:FLYE) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 276,100 shares, a decline of 13.3% from the January 15th total of 318,600 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,910,000 shares, the short-interest ratio is currently 0.1 days.

Fly-E Group Stock Up 6.5 %

Shares of FLYE stock opened at $0.51 on Tuesday. Fly-E Group has a fifty-two week low of $0.38 and a fifty-two week high of $7.62. The stock’s 50-day moving average is $0.54 and its two-hundred day moving average is $0.60.

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.