Worksport Ltd. (NASDAQ:WKSP) Short Interest Update

Worksport Ltd. (NASDAQ:WKSP) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 138,700 shares, a drop of 15.0% from the March 31st total of 163,100 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 227,500 shares, the short-interest ratio is currently 0.6 days.

Worksport Stock Performance

NASDAQ WKSP opened at $0.49 on Monday. Worksport has a one year low of $0.36 and a one year high of $4.33. The company’s 50 day moving average price is $0.75 and its 200 day moving average price is $1.22. The firm has a market capitalization of $11.82 million, a price-to-earnings ratio of -0.58 and a beta of 1.03.

Worksport (NASDAQ:WKSP) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.19) EPS for the quarter. Worksport had a negative net margin of 975.75% and a negative return on equity of 79.01%. The business had revenue of $0.84 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Worksport stock. Armistice Capital LLC purchased a new stake in Worksport Ltd. (NASDAQ:WKSP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,707,000 shares of the company’s stock, valued at approximately $2,543,000. Armistice Capital LLC owned 8.79% of Worksport as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 16.11% of the company’s stock.

Worksport Company Profile

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.