Vicinity Motor Corp. (NASDAQ:VEV) Short Interest Down 59.6% in April

Vicinity Motor Corp. (NASDAQ:VEV) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 3,600 shares, a drop of 59.6% from the March 31st total of 8,900 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 24,900 shares, the days-to-cover ratio is presently 0.1 days.

Vicinity Motor Price Performance

Vicinity Motor stock opened at $0.68 on Friday. The company’s 50 day simple moving average is $0.73 and its 200 day simple moving average is $0.81. Vicinity Motor has a fifty-two week low of $0.60 and a fifty-two week high of $1.38. The firm has a market capitalization of $31.27 million, a price-to-earnings ratio of -1.85 and a beta of 0.57.

Vicinity Motor (NASDAQ:VEV) last released its quarterly earnings data on Tuesday, April 2nd. The company reported ($0.20) earnings per share for the quarter. Vicinity Motor had a negative return on equity of 54.76% and a negative net margin of 87.32%. The firm had revenue of $5.09 million for the quarter.

About Vicinity Motor

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.