Hyzon Motors Inc. (NASDAQ:HYZN) Short Interest Up 16.2% in September

Hyzon Motors Inc. (NASDAQ:HYZN) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 265,300 shares, an increase of 16.2% from the September 15th total of 228,400 shares. Based on an average trading volume of 262,100 shares, the days-to-cover ratio is presently 1.0 days. Approximately 5.8% of the company’s shares are sold short.

Hyzon Motors Stock Up 0.5 %

NASDAQ:HYZN traded up $0.01 during mid-day trading on Wednesday, reaching $2.03. The company’s stock had a trading volume of 131,852 shares, compared to its average volume of 94,494. The stock has a fifty day moving average of $2.83 and a 200-day moving average of $15.73. Hyzon Motors has a 1 year low of $1.93 and a 1 year high of $65.00. The firm has a market capitalization of $502.22 million, a PE ratio of -2.64 and a beta of 2.85.

Hyzon Motors (NASDAQ:HYZN) last posted its earnings results on Tuesday, August 13th. The company reported ($10.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($7.50) by ($3.00). The business had revenue of $0.31 million during the quarter, compared to the consensus estimate of $1.00 million. During the same quarter in the previous year, the business earned ($12.50) EPS.

Insider Activity at Hyzon Motors

In related news, major shareholder Fuel Cell Technologies Horizon sold 28,220 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $5.00, for a total value of $141,100.00. Following the completion of the sale, the insider now owns 1,028,743 shares in the company, valued at approximately $5,143,715. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 234,455 shares of company stock worth $948,098 in the last quarter. 1.70% of the stock is owned by company insiders.

Institutional Trading of Hyzon Motors

An institutional investor recently raised its position in Hyzon Motors stock. Van ECK Associates Corp lifted its position in Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,022,830 shares of the company’s stock after purchasing an additional 111,431 shares during the quarter. Van ECK Associates Corp owned about 0.41% of Hyzon Motors worth $328,000 as of its most recent SEC filing. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Hyzon Motors Company Profile

Hyzon Motors Inc supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing.