Ayro, Inc. (NASDAQ:AYRO) Sees Significant Increase in Short Interest

Ayro, Inc. (NASDAQ:AYRO) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 755,100 shares, an increase of 19.8% from the February 13th total of 630,500 shares. Based on an average daily volume of 593,000 shares, the short-interest ratio is presently 1.3 days. Approximately 14.3% of the company’s shares are sold short.

Ayro Price Performance

Shares of NASDAQ:AYRO opened at $0.55 on Thursday. Ayro has a 1 year low of $0.49 and a 1 year high of $1.75. The company has a market cap of $3.71 million, a PE ratio of -0.13 and a beta of 3.39. The stock’s 50-day moving average is $0.62 and its 200 day moving average is $0.72.

Institutional Trading of Ayro

An institutional investor recently bought a new position in Ayro stock. Virtu Financial LLC acquired a new stake in shares of Ayro, Inc. (NASDAQ:AYRO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 104,895 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 1.55% of Ayro as of its most recent filing with the SEC. Hedge funds and other institutional investors own 5.65% of the company’s stock.

Ayro Company Profile

Ayro, Inc designs, manufactures, and sells electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use in the United States. It provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers.