Vicinity Motor Corp. (NASDAQ:VEV – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 22,200 shares, a growth of 101.8% from the May 15th total of 11,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 22,900 shares, the days-to-cover ratio is presently 1.0 days.
Vicinity Motor Stock Performance
Shares of NASDAQ VEV opened at $0.65 on Friday. The firm has a 50 day moving average price of $0.71 and a two-hundred day moving average price of $0.78. Vicinity Motor has a 52-week low of $0.60 and a 52-week high of $1.38.
Vicinity Motor (NASDAQ:VEV – Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $13.23 million during the quarter. Vicinity Motor had a negative net margin of 60.46% and a negative return on equity of 68.36%.
About Vicinity Motor
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.
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