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

Workhorse Group Inc. (NASDAQ:WKHS) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 914,100 shares, a decrease of 89.9% from the February 28th total of 9,020,000 shares. Based on an average daily volume of 298,700 shares, the short-interest ratio is presently 3.1 days. Approximately 28.5% of the shares of the stock are short sold.

Workhorse Group Stock Down 9.1 %

Shares of NASDAQ WKHS opened at $2.10 on Thursday. The firm’s fifty day moving average is $5.52 and its 200 day moving average is $8.99. Workhorse Group has a 52 week low of $1.91 and a 52 week high of $68.07. The company has a market cap of $6.89 million, a price-to-earnings ratio of -0.26 and a beta of 2.79.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Workhorse Group in a research report on Tuesday, March 18th. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings in shares of Workhorse Group by 91.6% during the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after acquiring an additional 19,473 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Workhorse Group by 76.9% in the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after buying an additional 123,150 shares during the period. Virtu Financial LLC bought a new position in shares of Workhorse Group in the 3rd quarter worth approximately $51,000. Finally, Swedbank AB lifted its stake 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. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About Workhorse Group

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.