Fly-E Group, Inc. (NASDAQ:FLYE) Short Interest Up 380.2% in December

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

Fly-E Group Trading Down 2.4 %

Shares of NASDAQ FLYE traded down $0.01 during mid-day trading on Monday, hitting $0.59. The company had a trading volume of 508,891 shares, compared to its average volume of 1,233,256. Fly-E Group has a 12 month low of $0.38 and a 12 month high of $7.62. The firm’s 50 day simple moving average is $0.54 and its two-hundred day simple moving average is $1.34.

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.