Short Interest Report: What Next for ZAP (OTCMKTS:ZAAP) Stock After Increase in Shorted Shares?

November 22, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Report: What Next for ZAP (OTCMKTS:ZAAP) Stock After Increase in Shorted Shares?

The stock of ZAP (OTCMKTS:ZAAP) registered an increase of 102.02% in short interest. ZAAP’s total short interest was 20,000 shares in November as published by FINRA. Its up 102.02% from 9,900 shares, reported previously. With 157,800 shares average volume, it will take short sellers 0 days to cover their ZAAP’s short positions. The stock increased 2.22% or $0.0005 on November 21, hitting $0.023. ZAP (OTCMKTS:ZAAP) has declined 60.00% since April 20, 2016 and is downtrending. It has underperformed by 64.56% the S&P500.

ZAP designs, develops, manufactures and sells electric vehicles. The company has a market cap of $13.63 million. The Firm operates through three divisions: Jonway Auto, ZAP and ZAP Hong Kong. It currently has negative earnings. The Jonway Auto segment includes sales of the gas fueled Jonway A380 three and five-door sports utility vehicles, EV minivan and EV sport utility vehicles (SUVs), and spare parts principally through distributors in China.

ZAAP Company Profile

ZAP, incorporated on September 23, 1994, designs, develops, makes and sells electric vehicles. The Firm operates through three divisions: Jonway Auto, ZAP (Consumer Product) and ZAP Hong Kong. The Jonway Auto segment includes sales of the gas fueled Jonway A380 three and five-door sports utility vehicles, EV minivan and EV sport utility vehicles (SUVs), and spare parts principally through distributors in China. The ZAP Consumer Product segment includes rechargeable portable energy products, its Zapino scooter and ZAPPY3 personal transporters. The Company, through an interest in Zhejiang Jonway Automobile Co. Ltd. (Jonway), has an automobile production manufacturing facility to produce electric vehicle products. Jonway offers a small lower speed vehicle (LSV) under the name Urbee, and also provides electric vehicle (EV) SUV and EV minivan.

More important recent ZAP (OTCMKTS:ZAAP) news were published by: Techcrunch.com which released: “ZAP brings the manufacturing process to the cloud” on September 13, 2016, also Nytimes.com published article titled: “Acupuncture With a Zap May Ease Constipation”, Techcrunch.com published: “ZAP: Manufacturing in the Cloud” on September 13, 2016. More interesting news about ZAP (OTCMKTS:ZAAP) was released by: Theguardian.com and their article: “Lab notes: would you let your boss zap your brain with electricity?” with publication date: November 11, 2016.

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