Short Interest in Phoenix Motor Inc. (NASDAQ:PEV) Expands By 562.6%

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

Phoenix Motor Stock Performance

Shares of NASDAQ PEV opened at $0.47 on Thursday. The company has a market cap of $21.56 million, a P/E ratio of -1.42 and a beta of 1.17. Phoenix Motor has a 52-week low of $0.20 and a 52-week high of $1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.49 and a current ratio of 2.19. The firm’s fifty day moving average is $0.37 and its two-hundred day moving average is $0.40.

Institutional Investors Weigh In On Phoenix Motor

An institutional investor recently bought a new position in Phoenix Motor stock. Virtu Financial LLC purchased a new stake in shares of Phoenix Motor Inc. (NASDAQ:PEV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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. Institutional investors and hedge funds own 8.90% of the company’s stock.

Phoenix Motor Company Profile

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.