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

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

Wall Street Analysts Forecast Growth

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

Workhorse Group Stock Down 1.7 %

Workhorse Group stock opened at $0.52 on Friday. The business has a fifty day moving average of $0.84 and a two-hundred day moving average of $0.94. The firm has a market cap of $21.44 million, a P/E ratio of -0.07 and a beta of 2.70. Workhorse Group has a twelve month low of $0.50 and a twelve month high of $8.18.

Institutional Trading of Workhorse Group

Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Workhorse Group during the 2nd quarter valued at $55,000. Jane Street Group LLC grew its position 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 during the period. Sei Investments Co. acquired a new stake in Workhorse Group during the 2nd quarter worth about $69,000. Virtu Financial LLC acquired a new stake in Workhorse Group during the 3rd quarter worth about $51,000. Finally, Swedbank AB grew its position in shares of Workhorse Group by 46.2% during the 4th quarter. Swedbank AB now owns 95,796 shares of the company’s stock valued at $67,000 after acquiring an additional 30,294 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s 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.