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

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

Fly-E Group Price Performance

Shares of FLYE stock traded down $0.01 during trading hours on Thursday, reaching $0.48. 52,419 shares of the company were exchanged, compared to its average volume of 654,511. The stock’s fifty day moving average is $0.53 and its two-hundred day moving average is $0.88. Fly-E Group has a fifty-two week low of $0.38 and a fifty-two week high of $7.62.

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.