Phoenix Motor Inc. (NASDAQ:PEV) Short Interest Up 273.9% in February

Phoenix Motor Inc. (NASDAQ:PEV) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 4,450,000 shares, a growth of 273.9% from the January 31st total of 1,190,000 shares. Based on an average daily volume of 5,730,000 shares, the short-interest ratio is currently 0.8 days. Currently, 22.7% of the company’s stock are sold short.

Institutional Investors Weigh In On Phoenix Motor

An institutional investor recently bought a new stake in Phoenix Motor stock. Virtu Financial LLC bought a new position in Phoenix Motor Inc. (NASDAQ:PEV) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 102,532 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.27% of Phoenix Motor at the end of the most recent reporting period. 8.90% of the stock is owned by hedge funds and other institutional investors.

Phoenix Motor Stock Performance

Shares of Phoenix Motor stock opened at $0.29 on Friday. Phoenix Motor has a 52 week low of $0.20 and a 52 week high of $1.39. The company has a quick ratio of 0.49, a current ratio of 2.19 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $0.29 and a 200-day moving average price of $0.40. The company has a market cap of $13.41 million, a PE ratio of -0.89 and a beta of 1.27.

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.