Workhorse Group Inc. (NASDAQ:WKHS) Short Interest Up 26.1% in January

Workhorse Group Inc. (NASDAQ:WKHS) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 9,270,000 shares, a growth of 26.1% from the January 15th total of 7,350,000 shares. Approximately 23.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,750,000 shares, the short-interest ratio is currently 2.5 days.

Analysts Set New Price Targets

Several analysts recently commented on WKHS shares. TD Cowen upped their target price on Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a report on Wednesday, November 20th. StockNews.com raised shares of Workhorse Group to a “sell” rating in a research note on Friday, January 10th.

Institutional Investors Weigh In On Workhorse Group

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of Workhorse Group by 17.4% during the 4th quarter. Geode Capital Management LLC now owns 332,561 shares of the company’s stock worth $232,000 after buying an additional 49,291 shares during the period. Swedbank AB boosted its stake in Workhorse Group by 46.2% during the fourth quarter. Swedbank AB now owns 95,796 shares of the company’s stock worth $67,000 after acquiring an additional 30,294 shares in the last quarter. Virtu Financial LLC bought a new position in Workhorse Group during the third quarter worth $51,000. Jane Street Group LLC grew its holdings in Workhorse Group by 91.6% in the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock worth $35,000 after purchasing an additional 19,473 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Workhorse Group in the second quarter valued at $55,000. 15.98% of the stock is currently owned by institutional investors.

Workhorse Group Price Performance

Shares of NASDAQ:WKHS opened at $0.58 on Friday. Workhorse Group has a 1 year low of $0.46 and a 1 year high of $8.18. The business’s 50-day moving average is $0.73 and its 200-day moving average is $0.85. The company has a market capitalization of $23.86 million, a price-to-earnings ratio of -0.07 and a beta of 2.67.

Workhorse Group Company Profile

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.