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

Workhorse Group Inc. (NASDAQ:WKHS) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 8,100,000 shares, a growth of 35.5% from the December 15th total of 5,980,000 shares. Approximately 20.2% of the shares of the company are sold short. Based on an average daily volume of 3,220,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Workhorse Group

Several hedge funds and other institutional investors have recently modified their holdings of WKHS. Jane Street Group LLC boosted its position in Workhorse Group by 91.6% in the 3rd quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after buying an additional 19,473 shares during the period. Virtu Financial LLC purchased a new position in Workhorse Group in the 3rd quarter worth $51,000. Cubist Systematic Strategies LLC acquired a new stake in Workhorse Group during the 2nd quarter valued at approximately $55,000. Sei Investments Co. purchased a new stake in shares of Workhorse Group in the second quarter worth about $69,000. Finally, Geode Capital Management LLC grew its position in shares of Workhorse Group by 76.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock valued at $246,000 after acquiring an additional 123,150 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Workhorse Group Trading Down 0.9 %

Shares of WKHS opened at $0.71 on Friday. The company has a market cap of $28.92 million, a P/E ratio of -0.09 and a beta of 2.70. Workhorse Group has a twelve month low of $0.57 and a twelve month high of $8.18. The company’s fifty day simple moving average is $0.94 and its 200-day simple moving average is $0.99.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a research note on Wednesday, November 20th. StockNews.com raised shares of Workhorse Group to a “sell” rating in a report on Friday, January 10th.

About Workhorse Group

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.