Ayro, Inc. (NASDAQ:AYRO) Sees Significant Growth in Short Interest

Ayro, Inc. (NASDAQ:AYRO) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 755,100 shares, an increase of 19.8% from the February 13th total of 630,500 shares. Based on an average daily trading volume, of 593,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 14.3% of the shares of the stock are short sold.

Ayro Stock Performance

Ayro stock opened at $0.52 on Tuesday. The firm has a market cap of $3.52 million, a price-to-earnings ratio of -0.12 and a beta of 3.39. Ayro has a 1 year low of $0.49 and a 1 year high of $1.75. The firm’s 50 day moving average price is $0.63 and its two-hundred day moving average price is $0.72.

Hedge Funds Weigh In On Ayro

An institutional investor recently bought a new position in Ayro stock. Virtu Financial LLC acquired a new position in shares of Ayro, Inc. (NASDAQ:AYRO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 104,895 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 1.55% of Ayro as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.65% of the company’s stock.

Ayro Company Profile

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.