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

Workhorse Group Inc. (NASDAQ:WKHS) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 8,100,000 shares, a growth of 35.5% from the December 31st total of 5,980,000 shares. Approximately 20.2% of the shares of the stock are sold short. Based on an average daily volume of 3,220,000 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Investors Weigh In On Workhorse Group

Several large investors have recently bought and sold shares of the business. Sei Investments Co. purchased a new position in shares of Workhorse Group in the 2nd quarter worth $69,000. Cubist Systematic Strategies LLC bought a new position in shares of Workhorse Group in the 2nd quarter valued at about $55,000. Jane Street Group LLC increased its stake in Workhorse Group by 91.6% during the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock worth $35,000 after acquiring an additional 19,473 shares during the last quarter. Geode Capital Management LLC increased its stake in Workhorse Group by 76.9% during the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after acquiring an additional 123,150 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Workhorse Group during the third quarter valued at approximately $51,000. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com raised shares of Workhorse Group to a “sell” rating in a report on Friday, January 10th. TD Cowen boosted their price target on shares of Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research note on Wednesday, November 20th.

Workhorse Group Price Performance

NASDAQ:WKHS opened at $0.53 on Thursday. The company has a market cap of $21.81 million, a price-to-earnings ratio of -0.07 and a beta of 2.70. Workhorse Group has a 1 year low of $0.50 and a 1 year high of $8.18. The stock’s 50 day simple moving average is $0.84 and its two-hundred day simple moving average is $0.94.

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.