Short Interest in Vicinity Motor Corp. (NASDAQ:VEV) Grows By 1,794.2%

Vicinity Motor Corp. (NASDAQ:VEV) saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 3,080,000 shares, a growth of 1,794.2% from the July 31st total of 162,600 shares. Currently, 6.7% of the company’s stock are sold short. Based on an average daily volume of 8,290,000 shares, the days-to-cover ratio is currently 0.4 days.

Vicinity Motor Stock Performance

Shares of Vicinity Motor stock traded down $0.01 during trading on Wednesday, hitting $0.15. The company’s stock had a trading volume of 785,725 shares, compared to its average volume of 3,269,432. The company has a fifty day simple moving average of $0.39 and a two-hundred day simple moving average of $0.61. Vicinity Motor has a 52 week low of $0.10 and a 52 week high of $1.09. The company has a market capitalization of $6.83 million, a PE ratio of -0.40 and a beta of 0.54.

About Vicinity Motor

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.