Short Interest in Arcimoto, Inc. (NASDAQ:FUV) Expands By 5.6%

Arcimoto, Inc. (NASDAQ:FUV) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 852,200 shares, a growth of 5.6% from the March 15th total of 807,000 shares. Based on an average trading volume of 62,800 shares, the days-to-cover ratio is currently 13.6 days. Currently, 10.5% of the company’s shares are sold short.

Institutional Trading of Arcimoto

A number of hedge funds have recently modified their holdings of the business. UBS Group AG raised its position in shares of Arcimoto by 108.9% in the 3rd quarter. UBS Group AG now owns 23,205 shares of the company’s stock worth $32,000 after purchasing an additional 283,769 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Arcimoto in the first quarter worth approximately $38,000. Renaissance Technologies LLC purchased a new stake in shares of Arcimoto during the second quarter valued at approximately $47,000. Geode Capital Management LLC increased its position in shares of Arcimoto by 242.7% during the second quarter. Geode Capital Management LLC now owns 56,662 shares of the company’s stock valued at $83,000 after acquiring an additional 40,127 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Arcimoto by 27.6% in the 1st quarter. JPMorgan Chase & Co. now owns 13,472 shares of the company’s stock worth $89,000 after acquiring an additional 2,911 shares during the last quarter. Institutional investors own 13.31% of the company’s stock.

Arcimoto Price Performance

Shares of Arcimoto stock opened at $0.42 on Thursday. The company’s fifty day simple moving average is $0.51 and its two-hundred day simple moving average is $0.65. Arcimoto has a 12-month low of $0.41 and a 12-month high of $1.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.46 and a quick ratio of 0.09.

Arcimoto (NASDAQ:FUV) last posted its earnings results on Monday, February 12th. The company reported ($1.58) earnings per share for the quarter. The firm had revenue of $1.11 million for the quarter. Arcimoto had a negative return on equity of 222.57% and a negative net margin of 751.99%.

Arcimoto Company Profile

Arcimoto, Inc designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) use for everyday consumer trips. The company also provides Deliverator, an electric last-mile delivery solution to get goods where they need to go; TRiO, a bolt on kit that converts a two wheeled motorcycle into a tilting three wheeled motorcycle; and Arcimoto Flatbed, a prototype that eschews the rear seat.