Ayro, Inc. (NASDAQ:AYRO) Sees Large Increase in Short Interest

Ayro, Inc. (NASDAQ:AYRO) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 683,500 shares, a growth of 10.2% from the January 15th total of 620,400 shares. Currently, 13.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 536,100 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Ayro

A hedge fund recently bought a new stake in Ayro stock. Virtu Financial LLC acquired a new stake in shares of Ayro, Inc. (NASDAQ:AYRO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 104,895 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 1.55% of Ayro at the end of the most recent reporting period. Institutional investors own 5.65% of the company’s stock.

Ayro Stock Performance

Shares of AYRO stock opened at $0.68 on Tuesday. The stock has a fifty day simple moving average of $0.70 and a two-hundred day simple moving average of $0.75. The firm has a market capitalization of $4.60 million, a PE ratio of -0.16 and a beta of 3.19. Ayro has a 52-week low of $0.60 and a 52-week high of $1.86.

Ayro Company Profile

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.