Worksport Ltd. (NASDAQ:WKSP – Get Free Report) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 746,900 shares, a decline of 20.3% from the December 15th total of 937,000 shares. Based on an average trading volume of 1,650,000 shares, the short-interest ratio is currently 0.5 days. Approximately 2.5% of the company’s stock are short sold.
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners initiated coverage on shares of Worksport in a research report on Monday, December 23rd. They issued a “buy” rating and a $2.00 price objective for the company.
Check Out Our Latest Stock Report on Worksport
Institutional Inflows and Outflows
Worksport Stock Performance
Shares of WKSP stock opened at $0.83 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 0.91. The company’s fifty day moving average price is $0.79 and its two-hundred day moving average price is $0.69. The firm has a market capitalization of $27.24 million, a P/E ratio of -1.25 and a beta of 0.47. Worksport has a 12 month low of $0.36 and a 12 month high of $1.54.
Worksport Company Profile
Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.
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