Workhorse Group Inc (NASDAQ:WKHS) Shorted Shares Decreased By 9.82%

July 16, 2018 - By Matthew Richard

Workhorse Group Inc. (NASDAQ:WKHS) Logo

The stock of Workhorse Group Inc (NASDAQ:WKHS) registered a decrease of 9.82% in short interest. WKHS’s total short interest was 1.94M shares in July as published by FINRA. Its down 9.82% from 2.15 million shares, reported previously. With 79,200 shares average volume, it will take short sellers 25 days to cover their WKHS’s short positions. The short interest to Workhorse Group Inc’s float is 5.56%.

The stock decreased 3.90% or $0.0601 during the last trading session, reaching $1.4799. About 159,644 shares traded. Workhorse Group Inc. (NASDAQ:WKHS) has declined 29.59% since July 16, 2017 and is downtrending. It has underperformed by 42.16% the S&P500.

Workhorse Group Inc. designs, manufactures, and manufactures battery-electric vehicles and aircraft in the United States. The company has market cap of $65.28 million. It operates through two divisions, Automotive and Aviation. It currently has negative earnings. The firm also develops cloud and real-time telematics performance monitoring system that enables fleet operators to optimize energy and route efficiency.

More important recent Workhorse Group Inc. (NASDAQ:WKHS) news were published by: Bizjournals.com which released: “EXCLUSIVE: Cincinnati firm to fulfill largest electric truck order ever” on July 12, 2018, also Globenewswire.com published article titled: “Market Trends Toward New Normal in Applied Optoelectronics, Integra LifeSciences, Medtronic, Workhorse Group …”, Streetinsider.com published: “Workhorse Group (WKHS) PT Lowered to $4 at B.Riley/FBR Following Announced Refinancing” on July 11, 2018. More interesting news about Workhorse Group Inc. (NASDAQ:WKHS) was released by: Investorplace.com and their article: “20 Small-Cap Stocks With the Potential for Outsized Gains” with publication date: July 12, 2018.

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