Fly-E Group, Inc. (NASDAQ:FLYE) Sees Large Growth in Short Interest

Fly-E Group, Inc. (NASDAQ:FLYE) saw a significant increase in short interest during 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. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is presently 0.6 days. Currently, 12.5% of the shares of the company are sold short.

Fly-E Group Stock Performance

Shares of NASDAQ FLYE traded down $0.01 during midday trading on Monday, hitting $0.59. 508,891 shares of the company’s stock were exchanged, compared to its average volume of 1,233,256. Fly-E Group has a twelve month low of $0.38 and a twelve month high of $7.62. The stock’s 50 day moving average price is $0.54 and its 200-day moving average price 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.