Phoenix Motor Inc. (NASDAQ:PEV) Short Interest Down 96.7% in February

Phoenix Motor Inc. (NASDAQ:PEV) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 145,900 shares, a drop of 96.7% from the February 13th total of 4,450,000 shares. Based on an average daily volume of 6,970,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Phoenix Motor stock. Virtu Financial LLC bought a new stake in shares of Phoenix Motor Inc. (NASDAQ:PEV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 102,532 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.27% of Phoenix Motor as of its most recent filing with the Securities and Exchange Commission (SEC). 8.90% of the stock is owned by hedge funds and other institutional investors.

Phoenix Motor Stock Performance

Shares of PEV stock opened at $0.52 on Thursday. The company’s fifty day moving average price is $0.30 and its 200-day moving average price is $0.39. The stock has a market cap of $23.91 million, a PE ratio of -1.58 and a beta of 1.17. The company has a current ratio of 2.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.01. Phoenix Motor has a 12 month low of $0.20 and a 12 month high of $1.39.

Phoenix Motor Company Profile

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.