Short Interest in Worksport Ltd. (NASDAQ:WKSP) Rises By 24.9%

Worksport Ltd. (NASDAQ:WKSPGet Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 109,900 shares, an increase of 24.9% from the February 29th total of 88,000 shares. Based on an average trading volume of 192,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Worksport

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Worksport by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 150,537 shares of the company’s stock worth $224,000 after buying an additional 6,631 shares in the last quarter. Armistice Capital LLC bought a new stake in Worksport during the fourth quarter worth $2,543,000. Renaissance Technologies LLC bought a new stake in Worksport during the second quarter worth $52,000. Geode Capital Management LLC grew its holdings in Worksport by 3.4% during the second quarter. Geode Capital Management LLC now owns 119,583 shares of the company’s stock worth $288,000 after buying an additional 3,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in Worksport during the second quarter worth $34,000. Institutional investors own 16.11% of the company’s stock.

Worksport Stock Down 4.2 %

NASDAQ WKSP opened at $0.58 on Friday. The company has a market cap of $11.17 million, a price-to-earnings ratio of -0.67 and a beta of 1.10. Worksport has a 52 week low of $0.46 and a 52 week high of $4.33. The business has a 50 day moving average price of $1.10 and a 200-day moving average price of $1.48.

Worksport (NASDAQ:WKSPGet Free Report) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $0.84 million for the quarter. Worksport had a negative net margin of 2,018.77% and a negative return on equity of 72.31%.

About Worksport

(Get Free Report)

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold, aluminum flush-mounted, and top-mounted folding tonneau covers.

Featured Stories

Receive News & Ratings for Worksport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worksport and related companies with MarketBeat.com's FREE daily email newsletter.