Short Interest in Workhorse Group, Inc. (NASDAQ:WKHS) Increases By 19.5%

Workhorse Group, Inc. (NASDAQ:WKHS) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 388,867 shares, an increase of 19.5% from the January 15th total of 325,497 shares. Currently, 18.3% of the company’s stock are short sold. Based on an average trading volume of 109,247 shares, the short-interest ratio is presently 3.6 days. Based on an average trading volume of 109,247 shares, the short-interest ratio is presently 3.6 days. Currently, 18.3% of the company’s stock are short sold.

Insider Activity

In other Workhorse Group news, Director Raymond Joseph Chess sold 6,314 shares of Workhorse Group stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.51, for a total value of $41,104.14. Following the transaction, the director owned 215 shares in the company, valued at $1,399.65. The trade was a 96.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela S. Mader sold 5,051 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $32,882.01. Following the completion of the transaction, the director owned 140 shares of the company’s stock, valued at $911.40. This represents a 97.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 38,655 shares of company stock worth $251,644 over the last ninety days. 1.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC increased its stake in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. 15.98% of the stock is owned by institutional investors.

Workhorse Group Price Performance

NASDAQ WKHS opened at $3.63 on Thursday. The firm’s fifty day simple moving average is $5.07 and its two-hundred day simple moving average is $10.54. The firm has a market capitalization of $7.88 million, a P/E ratio of -0.04 and a beta of 2.59. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. Workhorse Group has a 12-month low of $3.54 and a 12-month high of $86.47.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.