Workhorse Group, Inc. (NASDAQ:WKHS) Short Interest Update

Workhorse Group, Inc. (NASDAQ:WKHS) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 388,867 shares, an increase of 19.5% from the January 15th total of 325,497 shares. Approximately 18.3% of the shares of the stock are sold short. Based on an average trading volume of 109,247 shares, the days-to-cover ratio is currently 3.6 days. Based on an average trading volume of 109,247 shares, the days-to-cover ratio is currently 3.6 days. Approximately 18.3% of the shares of the stock are sold short.

Workhorse Group Stock Down 7.5%

Shares of NASDAQ WKHS opened at $3.60 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. Workhorse Group has a 12-month low of $3.59 and a 12-month high of $88.03. The firm’s 50-day moving average price is $5.13 and its 200-day moving average price is $10.59. The stock has a market capitalization of $7.81 million, a price-to-earnings ratio of -0.04 and a beta of 2.59.

Insiders Place Their Bets

In other news, Director Austin Scott Miller sold 5,051 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $32,882.01. Following the completion of the transaction, the director owned 130 shares in the company, valued at $846.30. This trade represents a 97.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela S. Mader sold 5,051 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $32,882.01. Following the transaction, the director owned 140 shares of the company’s stock, valued at $911.40. This represents a 97.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 38,655 shares of company stock valued at $251,644. Insiders own 1.91% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC lifted its holdings in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the quarter. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. Institutional investors own 15.98% of the company’s stock.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.