Short Interest in Fabric.AI, Inc. Common Stock (NASDAQ:FABC) Increases By 1,201.7%

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 761,863 shares, an increase of 1,201.7% from the April 15th total of 58,528 shares. Currently, 52.9% of the shares of the company are sold short. Based on an average daily trading volume, of 8,857,244 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Fabric.AI, Inc. Common Stock

A number of hedge funds and other institutional investors have recently made changes to their positions in FABC. Certuity LLC acquired a new stake in shares of Fabric.AI, Inc. Common Stock in the third quarter worth $100,000. Geode Capital Management LLC acquired a new stake in shares of Fabric.AI, Inc. Common Stock in the fourth quarter worth $25,000. HRT Financial LP acquired a new stake in shares of Fabric.AI, Inc. Common Stock in the fourth quarter worth $32,000. Jane Street Group LLC acquired a new stake in shares of Fabric.AI, Inc. Common Stock in the fourth quarter worth $25,000. Finally, Virtu Financial LLC acquired a new stake in shares of Fabric.AI, Inc. Common Stock in the fourth quarter worth $48,000. Institutional investors and hedge funds own 5.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fabric.AI, Inc. Common Stock currently has a consensus rating of “Sell”.

Fabric.AI, Inc. Common Stock Trading Down 10.5%

NASDAQ FABC opened at $4.09 on Tuesday. The company has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $2.94. The stock has a market cap of $5.97 million, a P/E ratio of -0.11 and a beta of 2.53. Fabric.AI, Inc. Common Stock has a 12-month low of $1.64 and a 12-month high of $10.56.

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) last released its quarterly earnings data on Monday, March 30th. The company reported ($16.06) earnings per share for the quarter.

About Fabric.AI, Inc. Common Stock

Ayro, Inc designs and manufactures electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use. The company provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers. It also offers AYRO vehicles to internal combustion engine vehicles for light duty uses, including low-speed logistics, maintenance, and cargo services; and Club Car 411 for low-speed logistics and cargo services for campus.