Arcimoto, Inc. (NASDAQ:FUV – Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 852,200 shares, an increase of 5.6% from the March 15th total of 807,000 shares. Based on an average daily trading volume, of 62,800 shares, the days-to-cover ratio is currently 13.6 days. Currently, 10.5% of the shares of the stock are short sold.
Hedge Funds Weigh In On Arcimoto
Institutional investors have recently bought and sold shares of the business. Walleye Capital LLC purchased a new stake in shares of Arcimoto during the 2nd quarter valued at about $954,000. Renaissance Technologies LLC bought a new stake in Arcimoto during the second quarter worth approximately $47,000. Geode Capital Management LLC raised its position in Arcimoto by 242.7% during the second quarter. Geode Capital Management LLC now owns 56,662 shares of the company’s stock valued at $83,000 after purchasing an additional 40,127 shares during the period. Sabby Management LLC bought a new stake in shares of Arcimoto in the 1st quarter valued at approximately $350,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Arcimoto in the 1st quarter worth approximately $38,000. Institutional investors own 13.31% of the company’s stock.
Arcimoto Price Performance
FUV traded down $0.01 during trading on Wednesday, hitting $0.42. 16,479 shares of the company traded hands, compared to its average volume of 61,058. Arcimoto has a 1 year low of $0.41 and a 1 year high of $1.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.09 and a current ratio of 0.46. The stock’s 50-day simple moving average is $0.52 and its two-hundred day simple moving average is $0.65.
Arcimoto Company Profile
Arcimoto, Inc designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) use for everyday consumer trips. The company also provides Deliverator, an electric last-mile delivery solution to get goods where they need to go; TRiO, a bolt on kit that converts a two wheeled motorcycle into a tilting three wheeled motorcycle; and Arcimoto Flatbed, a prototype that eschews the rear seat.
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