Arrival (NASDAQ:ARVL – Get 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.
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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