Hyzon Motors Inc. (NASDAQ:HYZN) Sees Large Increase in Short Interest

Hyzon Motors Inc. (NASDAQ:HYZN) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 348,800 shares, a growth of 120.1% from the December 31st total of 158,500 shares. Based on an average trading volume of 876,600 shares, the short-interest ratio is currently 0.4 days. Approximately 5.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hyzon Motors stock. First Commonwealth Financial Corp PA purchased a new position in shares of Hyzon Motors Inc. (NASDAQ:HYZN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,870 shares of the company’s stock, valued at approximately $26,000. First Commonwealth Financial Corp PA owned about 0.20% of Hyzon Motors at the end of the most recent reporting period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Hyzon Motors Stock Up 24.8 %

HYZN stock traded up $0.13 during mid-day trading on Friday, reaching $0.64. The company had a trading volume of 7,341,127 shares, compared to its average volume of 384,252. Hyzon Motors has a one year low of $0.42 and a one year high of $45.00. The stock’s 50-day simple moving average is $1.28 and its two-hundred day simple moving average is $2.82. The stock has a market capitalization of $4.96 million, a P/E ratio of -0.02 and a beta of 2.90.

About Hyzon Motors

Hyzon Motors Inc supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing.