Element Fleet Management Corp. (OTCMKTS:ELEEF) Short Interest Down 18.1% in January

Element Fleet Management Corp. (OTCMKTS:ELEEF) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,632,800 shares, a drop of 18.1% from the December 31st total of 3,214,000 shares. Based on an average daily trading volume, of 31,700 shares, the short-interest ratio is currently 83.1 days.

Element Fleet Management Stock Performance

Shares of OTCMKTS ELEEF traded down $0.64 during trading on Monday, reaching $19.52. 47,544 shares of the company traded hands, compared to its average volume of 30,932. The firm’s fifty day simple moving average is $20.38 and its 200 day simple moving average is $20.36. Element Fleet Management has a 12-month low of $15.35 and a 12-month high of $21.62.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.