Workhorse Group, Inc. (NASDAQ:WKHS) Sees Large Decrease in Short Interest

Workhorse Group, Inc. (NASDAQ:WKHS) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 328,817 shares, a decline of 12.5% from the February 12th total of 375,650 shares. Approximately 15.5% of the company’s shares are short sold. Based on an average daily volume of 53,780 shares, the short-interest ratio is presently 6.1 days. Based on an average daily volume of 53,780 shares, the short-interest ratio is presently 6.1 days. Approximately 15.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC increased its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Workhorse Group Price Performance

WKHS stock opened at $3.38 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.71. Workhorse Group has a 1 year low of $3.22 and a 1 year high of $67.32. The firm has a 50-day moving average of $4.30 and a 200 day moving average of $8.48. The company has a market cap of $7.33 million, a P/E ratio of -0.04 and a beta of 2.68.

About Workhorse Group

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.