Workhorse Group Inc. (NASDAQ:WKHS) Short Interest Update

Workhorse Group Inc. (NASDAQ:WKHS) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 8,100,000 shares, an increase of 35.5% from the December 15th total of 5,980,000 shares. Based on an average daily trading volume, of 3,220,000 shares, the short-interest ratio is currently 2.5 days. Currently, 20.2% of the shares of the stock are sold short.

Workhorse Group Stock Up 1.2 %

Shares of WKHS stock opened at $0.71 on Thursday. The firm has a market cap of $29.18 million, a price-to-earnings ratio of -0.09 and a beta of 2.70. Workhorse Group has a 12 month low of $0.57 and a 12 month high of $8.18. The stock has a 50-day moving average price of $0.95 and a 200 day moving average price of $1.00.

Wall Street Analysts Forecast Growth

WKHS has been the subject of several research reports. TD Cowen raised their price objective on shares of Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Workhorse Group to a “sell” rating in a report on Friday, January 10th.

Institutional Investors Weigh In On Workhorse Group

Several institutional investors have recently modified their holdings of WKHS. Geode Capital Management LLC boosted its stake in Workhorse Group by 76.9% in the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock valued at $246,000 after acquiring an additional 123,150 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Workhorse Group in the 3rd quarter worth $51,000. Sei Investments Co. bought a new position in shares of Workhorse Group in the 2nd quarter worth $69,000. Jane Street Group LLC grew its stake in shares of 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. Finally, Cubist Systematic Strategies LLC bought a new stake in Workhorse Group in the second quarter valued at about $55,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.