Phoenix Motor Inc. (NASDAQ:PEV) Short Interest Update

Phoenix Motor Inc. (NASDAQ:PEV) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 966,700 shares, an increase of 562.6% from the February 28th total of 145,900 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average trading volume of 7,510,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Phoenix Motor

An institutional investor recently bought a new position in Phoenix Motor stock. Virtu Financial LLC purchased a new stake in Phoenix Motor Inc. (NASDAQ:PEV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 102,532 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 0.27% of Phoenix Motor at the end of the most recent reporting period. 8.90% of the stock is currently owned by hedge funds and other institutional investors.

Phoenix Motor Trading Down 8.7 %

Phoenix Motor stock traded down $0.04 during midday trading on Wednesday, hitting $0.47. 826,367 shares of the stock were exchanged, compared to its average volume of 3,439,056. Phoenix Motor has a 52 week low of $0.20 and a 52 week high of $1.39. The company has a quick ratio of 0.49, a current ratio of 2.19 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $21.56 million, a PE ratio of -1.42 and a beta of 1.17. The company has a fifty day simple moving average of $0.36 and a two-hundred day simple moving average of $0.40.

About Phoenix Motor

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.