Ayro, Inc. (NASDAQ:AYRO) Sees Large Growth in Short Interest

Ayro, Inc. (NASDAQ:AYRO) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 563,800 shares, a growth of 37.6% from the March 31st total of 409,600 shares. Based on an average trading volume of 26,500 shares, the short-interest ratio is currently 21.3 days. Approximately 13.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ayro stock. PFG Investments LLC purchased a new position in Ayro, Inc. (NASDAQ:AYRO) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 59,482 shares of the company’s stock, valued at approximately $99,000. PFG Investments LLC owned 1.20% of Ayro at the end of the most recent reporting period. 5.65% of the stock is owned by institutional investors and hedge funds.

Ayro Stock Performance

NASDAQ:AYRO traded down $0.05 during trading hours on Friday, hitting $1.41. The company’s stock had a trading volume of 11,516 shares, compared to its average volume of 40,455. The company has a market capitalization of $6.97 million, a PE ratio of -0.17 and a beta of 3.32. Ayro has a 52-week low of $1.21 and a 52-week high of $9.40. The business’s 50-day moving average is $1.59 and its two-hundred day moving average is $1.74.

Ayro (NASDAQ:AYRO) last announced its quarterly earnings results on Monday, April 1st. The company reported ($2.73) earnings per share (EPS) for the quarter. Ayro had a negative net margin of 6,845.89% and a negative return on equity of 84.34%. The company had revenue of $0.16 million during the quarter. As a group, analysts predict that Ayro will post -5.31 EPS for the current fiscal year.

About Ayro

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.