Ayro, Inc. (NASDAQ:AYRO) Sees Significant Growth in Short Interest

Ayro, Inc. (NASDAQ:AYRO) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 707,200 shares, an increase of 25.0% from the May 31st total of 565,600 shares. Approximately 15.5% of the company’s shares are sold short. Based on an average trading volume of 115,700 shares, the days-to-cover ratio is currently 6.1 days.

Hedge Funds Weigh In On Ayro

An institutional investor recently bought a new position in Ayro stock. PFG Investments LLC acquired a new position in shares of Ayro, Inc. (NASDAQ:AYRO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,482 shares of the company’s stock, valued at approximately $99,000. PFG Investments LLC owned about 1.20% of Ayro at the end of the most recent quarter. 5.65% of the stock is currently owned by institutional investors and hedge funds.

Ayro Price Performance

AYRO stock opened at $0.78 on Monday. Ayro has a 1 year low of $0.72 and a 1 year high of $9.40. The stock has a market capitalization of $4.13 million, a PE ratio of -0.09 and a beta of 3.27. The company’s 50-day moving average is $1.06 and its 200-day moving average is $1.47.

Ayro (NASDAQ:AYRO) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.31) by ($0.15). The firm had revenue of $0.06 million during the quarter, compared to the consensus estimate of $1.23 million. Ayro had a negative return on equity of 113.65% and a negative net margin of 7,280.18%. On average, analysts anticipate that Ayro will post -5.31 earnings per share for the current fiscal year.

About Ayro

Ayro, Inc designs, manufactures, and sells electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use in the United States. It provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers.