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Phoenix Motor Inc. (NASDAQ:PEV) Short Interest Down 44.2% in May

Phoenix Motor Inc. (NASDAQ:PEV) Short Interest Down 44.2% in May

Phoenix Motor Inc. (NASDAQ:PEV – Get Ranking) noticed a big drop briefly curiosity in Might. As of Might fifteenth, there was brief curiosity totalling 40,400 shares, a drop of 44.2% from the April thirtieth complete of 72,400 shares. At the moment, 1.3% of the shares of the corporate are offered brief. Primarily based on a median each day quantity of 73,500 shares, the short-interest ratio is at the moment 0.5 days.

Hedge Funds Weigh In On Phoenix Motor

An institutional investor just lately purchased a brand new place in Phoenix Motor inventory. Millennium Administration LLC purchased a brand new stake in shares of Phoenix Motor Inc. (NASDAQ:PEV – Get Ranking) within the 2nd quarter, based on its most up-to-date disclosure with the Securities and Change Fee. The fund purchased 17,466 shares of the corporate’s inventory, valued at roughly $83,000. Millennium Administration LLC owned roughly 0.09% of Phoenix Motor on the finish of the latest reporting interval. Institutional traders and hedge funds personal 11.45% of the corporate’s inventory.

Phoenix Motor Inventory Up 5.2 %

PEV inventory opened at $0.78 on Friday. Phoenix Motor has a 52 week low of $0.57 and a 52 week excessive of $8.50. The corporate has a fast ratio of 0.60, a present ratio of 1.30 and a debt-to-equity ratio of 0.01. The inventory has a market capitalization of $16.58 million and a PE ratio of -1.20. The agency has a 50 day shifting common of $0.75 and a 200 day shifting common of $1.11.

Phoenix Motor (NASDAQ:PEV – Get Ranking) final posted its quarterly earnings outcomes on Wednesday, March twenty ninth. The corporate reported ($0.21) earnings per share (EPS) for the quarter. Phoenix Motor had a unfavourable return on fairness of 88.97% and a unfavourable web margin of 241.93%. The enterprise had income of $1.75 million for the quarter.

About Phoenix Motor

(Get Ranking)

Phoenix Motor Inc designs, assembles, and integrates electrical drive methods and lightweight and medium obligation electrical automobiles. The corporate gives buses and vehicles. It focuses on creating mild and medium obligation business electrical automobiles for numerous service and authorities fleet markets, together with metropolis fleets, campuses, municipalities, and transit companies; and serves a spectrum of business fleet prospects, corresponding to airport shuttle operators, resort chains, transit fleet operators, seaports, last-mile supply fleets, and huge firms.

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