The Lion Electric Company (NYSE:LEV) Short Interest Update

The Lion Electric Company (NYSE:LEV) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 2,310,000 shares, a decrease of 21.2% from the November 15th total of 2,930,000 shares. Based on an average trading volume of 5,450,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.9% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered their price target on Lion Electric from $0.80 to $0.60 and set a “market perform” rating for the company in a report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1.46.

Institutional Trading of Lion Electric

An institutional investor recently bought a new position in Lion Electric stock. XTX Topco Ltd acquired a new stake in The Lion Electric Company (NYSE:LEV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 43,969 shares of the company’s stock, valued at approximately $40,000. 52.73% of the stock is currently owned by hedge funds and other institutional investors.

Lion Electric Stock Down 1.9 %

LEV stock traded down $0.01 during mid-day trading on Friday, reaching $0.33. The company had a trading volume of 1,001,230 shares, compared to its average volume of 1,807,693. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 0.30. The stock has a 50 day simple moving average of $0.46 and a two-hundred day simple moving average of $0.69. The company has a market capitalization of $75.42 million, a price-to-earnings ratio of -0.57 and a beta of 1.84. Lion Electric has a 52 week low of $0.18 and a 52 week high of $1.99.

Lion Electric (NYSE:LEV) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Lion Electric had a negative net margin of 74.35% and a negative return on equity of 32.42%. The company had revenue of $30.63 million during the quarter, compared to the consensus estimate of $34.33 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. As a group, equities analysts predict that Lion Electric will post -0.53 earnings per share for the current fiscal year.

Lion Electric Company Profile

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.