Vicinity Motor Corp. (NASDAQ:VEV) Short Interest Update

Vicinity Motor Corp. (NASDAQ:VEV) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 629,400 shares, a drop of 14.7% from the August 31st total of 737,900 shares. Based on an average daily volume of 8,480,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.4% of the company’s shares are short sold.

Vicinity Motor Stock Performance

NASDAQ VEV opened at $0.14 on Monday. The firm has a market capitalization of $6.59 million, a price-to-earnings ratio of -0.36 and a beta of 0.44. The company’s 50 day moving average price is $0.20 and its 200 day moving average price is $0.51. Vicinity Motor has a one year low of $0.09 and a one year high of $0.98.

Vicinity Motor Company Profile

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.