Element Fleet Management Corp. (OTCMKTS:ELEEF) Sees Significant Growth in Short Interest

Element Fleet Management Corp. (OTCMKTS:ELEEF) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,454,300 shares, an increase of 6.7% from the September 30th total of 3,237,600 shares. Based on an average daily volume of 47,400 shares, the days-to-cover ratio is currently 72.9 days.

Element Fleet Management Stock Performance

ELEEF opened at $20.52 on Friday. The stock has a fifty day moving average of $20.93 and a 200-day moving average of $18.93. Element Fleet Management has a 12-month low of $13.51 and a 12-month high of $21.62.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.