Workhorse Group Inc. (NASDAQ:WKHS) Short Interest Update

Workhorse Group Inc. (NASDAQ:WKHS) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 914,100 shares, a decrease of 89.9% from the February 28th total of 9,020,000 shares. Approximately 28.5% of the company’s stock are short sold. Based on an average daily trading volume, of 298,700 shares, the days-to-cover ratio is presently 3.1 days.

Workhorse Group Stock Performance

NASDAQ WKHS opened at $2.10 on Thursday. Workhorse Group has a 52-week low of $1.91 and a 52-week high of $68.07. The company has a 50-day simple moving average of $5.52 and a 200 day simple moving average of $8.99. The company has a market capitalization of $6.89 million, a PE ratio of -0.26 and a beta of 2.79.

Institutional Trading of Workhorse Group

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Workhorse Group by 17.4% in the 4th quarter. Geode Capital Management LLC now owns 332,561 shares of the company’s stock worth $232,000 after acquiring an additional 49,291 shares during the last quarter. Swedbank AB grew its position in shares of Workhorse Group by 46.2% in the fourth quarter. Swedbank AB now owns 95,796 shares of the company’s stock valued at $67,000 after purchasing an additional 30,294 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Workhorse Group during the 3rd quarter valued at $51,000. Finally, Jane Street Group LLC lifted its holdings in Workhorse Group by 91.6% during the 3rd 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 in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Workhorse Group in a research report on Tuesday, March 18th. They set a “sell” rating on the stock.

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.