Arcimoto, Inc. (NASDAQ:FUV) Sees Large Growth in Short Interest

Arcimoto, Inc. (NASDAQ:FUV) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 927,600 shares, a growth of 8.8% from the March 31st total of 852,200 shares. Currently, 11.4% of the shares of the stock are short sold. Based on an average trading volume of 60,100 shares, the short-interest ratio is currently 15.4 days.

Arcimoto Price Performance

NASDAQ:FUV opened at $0.38 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.09 and a debt-to-equity ratio of 0.86. Arcimoto has a 12 month low of $0.38 and a 12 month high of $1.85. The business’s 50-day moving average is $0.47 and its 200 day moving average is $0.63.

Arcimoto (NASDAQ:FUV) last posted its earnings results on Monday, February 12th. The company reported ($1.58) EPS for the quarter. The firm had revenue of $1.11 million during the quarter. Arcimoto had a negative return on equity of 222.57% and a negative net margin of 751.99%.

About Arcimoto

Arcimoto, Inc designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) use for everyday consumer trips. The company also provides Deliverator, an electric last-mile delivery solution to get goods where they need to go; TRiO, a bolt on kit that converts a two wheeled motorcycle into a tilting three wheeled motorcycle; and Arcimoto Flatbed, a prototype that eschews the rear seat.