Short Interest in Ayro, Inc. (NASDAQ:AYRO) Decreases By 17.9%

Ayro, Inc. (NASDAQ:AYRO) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 517,800 shares, a decrease of 17.9% from the March 31st total of 630,400 shares. Based on an average daily volume of 137,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 7.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Ayro

A hedge fund recently bought a new stake in Ayro stock. Virtu Financial LLC acquired a new position in Ayro, Inc. (NASDAQ:AYRO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 104,895 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned 1.55% of Ayro at the end of the most recent quarter. 5.65% of the stock is owned by hedge funds and other institutional investors.

Ayro Price Performance

NASDAQ AYRO opened at $0.51 on Friday. The company’s fifty day moving average is $0.52 and its two-hundred day moving average is $0.65. Ayro has a 52-week low of $0.38 and a 52-week high of $1.29. The firm has a market capitalization of $4.31 million, a price-to-earnings ratio of -0.12 and a beta of 3.45.

About Ayro

Ayro, Inc designs, manufactures, and sells electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use in the United States. It provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers.