Jiuzi Holdings (JZXN) Plunges 79.19% Amid Acquisition News

Jiuzi Holdings (JZXN) experienced a significant intraday decline of 79.19%, reaching its lowest level since January 2025. The stock price also rose to its highest level since July 2021, with an intraday gain of 5.68%.

Jiuzi Holdings recently announced its intent to acquire Shenzhen Maigesong Electric Technology. This strategic move could significantly impact the company's future operations and market positioning, potentially influencing investor sentiment and stock performance.

In March, there was a notable increase in short interest for Jiuzi Holdings. This rise in short interest suggests a growing bearish sentiment among investors, which could contribute to the stock's volatility and price fluctuations.

Despite the recent volatility, Jiuzi Holdings' stock price has shown resilience, with a 3.79% increase on the last trading day, continuing an upward trend over six days. This performance indicates that investors may be optimistic about the company's prospects, possibly driven by positive market conditions or strategic initiatives.