Phoenix Motor Inc. (NASDAQ:PEV) Short Interest Update

Phoenix Motor Inc. (NASDAQ:PEV) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 966,700 shares, an increase of 562.6% from the February 28th total of 145,900 shares. Based on an average daily trading volume, of 7,510,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.5% of the shares of the stock are short sold.

Institutional Trading of Phoenix Motor

A hedge fund recently bought a new stake in Phoenix Motor stock. Virtu Financial LLC bought a new stake in shares of Phoenix Motor Inc. (NASDAQ:PEV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 102,532 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 0.27% of Phoenix Motor as of its most recent SEC filing. 8.90% of the stock is owned by institutional investors.

Phoenix Motor Price Performance

Shares of NASDAQ PEV traded down $0.02 during mid-day trading on Friday, reaching $0.39. The company had a trading volume of 471,032 shares, compared to its average volume of 3,431,510. Phoenix Motor has a 1-year low of $0.20 and a 1-year high of $1.39. The stock has a market cap of $17.79 million, a PE ratio of -1.17 and a beta of 1.17. The company has a current ratio of 2.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $0.37 and a two-hundred day moving average price of $0.40.

About Phoenix Motor

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.