Phoenix Motor Inc. (NASDAQ:PEV) Sees Large Drop in Short Interest

Phoenix Motor Inc. (NASDAQ:PEVGet Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 17,500 shares, a decrease of 32.2% from the December 31st total of 25,800 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 67,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Phoenix Motor

A hedge fund recently bought a new stake in Phoenix Motor stock. Virtu Financial LLC purchased a new stake in Phoenix Motor Inc. (NASDAQ:PEVFree Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,720 shares of the company’s stock, valued at approximately $60,000. Virtu Financial LLC owned approximately 0.06% of Phoenix Motor at the end of the most recent quarter. 0.10% of the stock is owned by hedge funds and other institutional investors.

Phoenix Motor Trading Up 0.7 %

Phoenix Motor stock traded up $0.01 during mid-day trading on Friday, hitting $1.35. The company’s stock had a trading volume of 20,737 shares, compared to its average volume of 39,613. The firm has a market capitalization of $28.72 million, a PE ratio of -2.18 and a beta of 1.54. Phoenix Motor has a 1 year low of $0.53 and a 1 year high of $2.03. The company has a current ratio of 0.65, a quick ratio of 0.34 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average is $1.29 and its two-hundred day moving average is $0.98.

Phoenix Motor (NASDAQ:PEVGet Free Report) last posted its quarterly earnings results on Tuesday, November 14th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $0.29 million during the quarter. Phoenix Motor had a negative net margin of 265.05% and a negative return on equity of 147.44%.

About Phoenix Motor

(Get Free Report)

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.

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