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

Workhorse Group Inc. (NASDAQ:WKHS) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 9,270,000 shares, an increase of 26.1% from the January 15th total of 7,350,000 shares. Based on an average daily trading volume, of 3,750,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 23.1% of the company’s shares are short sold.

Workhorse Group Stock Down 0.9 %

Workhorse Group stock traded down $0.01 during midday trading on Friday, hitting $0.58. 2,113,406 shares of the stock were exchanged, compared to its average volume of 2,742,393. The stock has a market capitalization of $23.64 million, a PE ratio of -0.07 and a beta of 2.67. The company has a fifty day simple moving average of $0.71 and a two-hundred day simple moving average of $0.85. Workhorse Group has a 52 week low of $0.46 and a 52 week high of $8.18.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. TD Cowen raised their price objective on shares of 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 upgraded Workhorse Group to a “sell” rating in a research report on Friday, January 10th.

Hedge Funds Weigh In On Workhorse Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Workhorse Group by 76.9% during the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after acquiring an additional 123,150 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Workhorse Group during the third quarter worth about $51,000. Cubist Systematic Strategies LLC bought a new position in shares of Workhorse Group during the 2nd quarter valued at about $55,000. Swedbank AB grew its position in shares of Workhorse Group by 46.2% in the 4th quarter. Swedbank AB now owns 95,796 shares of the company’s stock valued at $67,000 after purchasing an additional 30,294 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Workhorse Group by 91.6% in the third 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. Institutional investors and hedge funds 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.