Forza X1, Inc. (NASDAQ:FRZA – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 43,700 shares, a decrease of 53.0% from the June 30th total of 92,900 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 201,300 shares, the days-to-cover ratio is currently 0.2 days.
Forza X1 Stock Performance
Shares of Forza X1 stock traded down $0.00 during trading on Friday, hitting $0.33. The stock had a trading volume of 72,202 shares, compared to its average volume of 115,531. Forza X1 has a 12 month low of $0.31 and a 12 month high of $1.34. The business’s 50-day moving average is $0.39 and its 200 day moving average is $0.46. The company has a current ratio of 34.27, a quick ratio of 32.95 and a debt-to-equity ratio of 0.01.
Forza X1 (NASDAQ:FRZA – Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share for the quarter.
About Forza X1
Forza X1, Inc focuses on designing, developing, and manufacturing electric boats in the United States. It intends to offer its products through a vertically integrated direct-to-consumer system. Forza X1, Inc was incorporated in 2021 and is headquartered in Fort Pierce, Florida.
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