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

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

Fly-E Group Price Performance

Shares of FLYE stock opened at $0.50 on Wednesday. Fly-E Group has a 1 year low of $0.38 and a 1 year high of $7.62. The firm has a fifty day moving average price of $0.53 and a 200-day moving average price of $0.88.

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.