Element Fleet Management Corp. (OTCMKTS:ELEEF) Sees Large Growth in Short Interest

Element Fleet Management Corp. (OTCMKTS:ELEEF) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,214,000 shares, a growth of 33.5% from the December 15th total of 2,406,900 shares. Based on an average daily volume of 48,400 shares, the short-interest ratio is currently 66.4 days.

Element Fleet Management Stock Performance

ELEEF traded down $0.37 on Thursday, reaching $19.55. 42,532 shares of the company traded hands, compared to its average volume of 31,673. Element Fleet Management has a 52-week low of $15.35 and a 52-week high of $21.62. The stock’s 50 day moving average price is $20.48 and its 200-day moving average price is $20.22.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.