Vicinity Motor Corp. (NASDAQ:VEV) Short Interest Update

Vicinity Motor Corp. (NASDAQ:VEVGet Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 61,600 shares, a drop of 47.8% from the January 15th total of 118,100 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 23,900 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new position in Vicinity Motor during the fourth quarter worth $25,000. Geode Capital Management LLC purchased a new stake in shares of Vicinity Motor in the fourth quarter worth approximately $62,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Vicinity Motor by 40.5% in the first quarter. JPMorgan Chase & Co. now owns 113,700 shares of the company’s stock worth $273,000 after purchasing an additional 32,800 shares during the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

Vicinity Motor Trading Down 1.5 %

Vicinity Motor stock traded down $0.01 during midday trading on Monday, reaching $0.80. The company’s stock had a trading volume of 22,594 shares, compared to its average volume of 24,465. Vicinity Motor has a 52 week low of $0.64 and a 52 week high of $1.38. The business has a 50-day moving average price of $0.85 and a 200-day moving average price of $0.92. The stock has a market cap of $36.54 million, a PE ratio of -3.08 and a beta of 0.61.

Vicinity Motor (NASDAQ:VEVGet Free Report) last posted its earnings results on Monday, November 13th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $6.49 million for the quarter. Vicinity Motor had a negative return on equity of 33.12% and a negative net margin of 71.00%.

Vicinity Motor Company Profile

(Get Free Report)

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.

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