Ayro, Inc. (NASDAQ:AYRO) Sees Large Drop in Short Interest

Ayro, Inc. (NASDAQ:AYRO) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 637,800 shares, a decrease of 9.8% from the June 15th total of 707,200 shares. Based on an average trading volume of 145,300 shares, the short-interest ratio is currently 4.4 days. Currently, 14.0% of the shares of the stock are sold short.

Institutional Trading of Ayro

An institutional investor recently bought a new position in Ayro stock. PFG Investments LLC acquired a new stake in Ayro, Inc. (NASDAQ:AYRO) during the first quarter, according to its most recent filing with the SEC. The firm acquired 59,482 shares of the company’s stock, valued at approximately $99,000. PFG Investments LLC owned about 1.20% of Ayro as of its most recent filing with the SEC. 5.65% of the stock is currently owned by institutional investors and hedge funds.

Ayro Price Performance

Shares of AYRO stock traded down $0.01 during trading hours on Wednesday, hitting $0.88. 45,584 shares of the company’s stock were exchanged, compared to its average volume of 92,762. Ayro has a 52 week low of $0.70 and a 52 week high of $9.40. The stock has a market cap of $4.66 million, a price-to-earnings ratio of -0.10 and a beta of 3.26. The stock’s 50-day moving average is $0.94 and its 200-day moving average is $1.38.

Ayro (NASDAQ:AYRO) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($1.31) by ($0.15). The company had revenue of $0.06 million for the quarter, compared to the consensus estimate of $1.23 million. Ayro had a negative return on equity of 113.65% and a negative net margin of 7,280.18%.

About Ayro

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.