Workhorse Group, Inc. (NASDAQ:WKHS) Short Interest Update

Workhorse Group, Inc. (NASDAQ:WKHS) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 325,497 shares, a decline of 30.1% from the December 31st total of 465,846 shares. Currently, 15.3% of the company’s stock are short sold. Based on an average daily volume of 159,872 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 159,872 shares, the days-to-cover ratio is presently 2.0 days. Currently, 15.3% of the company’s stock are short sold.

Workhorse Group Trading Up 1.7%

Shares of WKHS stock opened at $4.90 on Friday. 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 $4.60 and a 12-month high of $90.63. The stock has a market capitalization of $10.63 million, a P/E ratio of -0.06 and a beta of 2.41. The firm’s 50 day moving average is $6.50 and its 200 day moving average is $12.38.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings results on Monday, November 10th. The company reported ($16.68) earnings per share for the quarter, beating the consensus estimate of ($17.40) by $0.72. The firm had revenue of $2.38 million for the quarter, compared to analysts’ expectations of $2.50 million. Workhorse Group had a negative return on equity of 232.69% and a negative net margin of 606.64%. Research analysts expect that Workhorse Group will post -3.8 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Austin Scott Miller sold 5,051 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $32,882.01. Following the sale, the director directly owned 130 shares of the company’s stock, valued at approximately $846.30. This represents a 97.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pamela S. Mader sold 5,051 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $32,882.01. Following the sale, the director owned 140 shares of the company’s stock, valued at approximately $911.40. This represents a 97.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,655 shares of company stock worth $251,644 over the last quarter. 1.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC boosted its holdings in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the quarter. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Workhorse Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.