Workhorse Group Inc. (NASDAQ:WKHS) Short Interest Up 26.1% in January

Workhorse Group Inc. (NASDAQ:WKHS) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 9,270,000 shares, a growth of 26.1% from the January 15th total of 7,350,000 shares. Currently, 23.1% of the company’s stock are short sold. Based on an average daily volume of 3,750,000 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Workhorse Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its position in Workhorse Group by 91.6% during the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock worth $35,000 after purchasing an additional 19,473 shares during the period. Swedbank AB raised its stake in Workhorse Group by 46.2% in the fourth quarter. Swedbank AB now owns 95,796 shares of the company’s stock valued at $67,000 after purchasing an additional 30,294 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Workhorse Group in the second quarter valued at about $55,000. Geode Capital Management LLC raised its stake in Workhorse Group by 17.4% during the fourth quarter. Geode Capital Management LLC now owns 332,561 shares of the company’s stock worth $232,000 after acquiring an additional 49,291 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Workhorse Group during the third quarter worth about $51,000. 15.98% of the stock is owned by institutional investors.

Workhorse Group Trading Down 0.9 %

NASDAQ:WKHS opened at $0.58 on Friday. Workhorse Group has a 1-year low of $0.46 and a 1-year high of $8.18. The firm has a fifty day simple moving average of $0.71 and a 200 day simple moving average of $0.84. The stock has a market capitalization of $23.64 million, a PE ratio of -0.07 and a beta of 2.67.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WKHS shares. StockNews.com upgraded shares of Workhorse Group to a “sell” rating in a report on Friday, January 10th. TD Cowen lifted their price objective on shares of Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a report on Wednesday, November 20th.

Workhorse Group Company Profile

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.