Arrival (NASDAQ:ARVL) Short Interest Down 27.6% in April

Arrival (NASDAQ:ARVLGet Rating) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 35,400,000 shares, a decrease of 27.6% from the April 15th total of 48,910,000 shares. Approximately 20.8% of the company’s stock are sold short. Based on an average daily volume of 7,180,000 shares, the days-to-cover ratio is currently 4.9 days.

NASDAQ ARVL opened at $1.94 on Friday. The company has a fifty day simple moving average of $2.98 and a 200 day simple moving average of $5.99. Arrival has a 1 year low of $1.37 and a 1 year high of $22.93.

Separately, Barclays dropped their price target on shares of Arrival from $20.00 to $6.00 and set an “overweight” rating on the stock in a research note on Thursday, March 10th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Center for Financial Planning Inc. boosted its holdings in shares of Arrival by 66.7% during the 3rd quarter. Center for Financial Planning Inc. now owns 2,500 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of Arrival by 20.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 11,334 shares of the company’s stock worth $149,000 after buying an additional 1,960 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Arrival by 24.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 17,699 shares of the company’s stock worth $232,000 after buying an additional 3,459 shares during the period. Exos Asset Management LLC boosted its holdings in shares of Arrival by 19.2% during the 1st quarter. Exos Asset Management LLC now owns 22,780 shares of the company’s stock worth $85,000 after buying an additional 3,673 shares during the period. Finally, Claraphi Advisory Network LLC boosted its holdings in shares of Arrival by 47.4% during the 4th quarter. Claraphi Advisory Network LLC now owns 16,213 shares of the company’s stock worth $120,000 after buying an additional 5,210 shares during the period. 9.72% of the stock is owned by institutional investors and hedge funds.

About Arrival (Get Rating)

Arrival focuses on the design, assembly, and distribution of commercial electric vehicles (EVs) worldwide. Its portfolio of EVs includes commercial EV vans, buses, and cars. The company was founded in 2015 and is based in Howald, Luxembourg.

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