Worksport Ltd. (NASDAQ:WKSP) Stock Short Interest Falls 36.7%

Posted by Andrew Walz on Oct 16th, 2026

Worksport Ltd. (NASDAQ:WKSP – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 231,271 shares, a decline of 36.7% from the September 15th total of 365,506 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 378,677 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

A number of research firms have weighed in on WKSP. Wall Street Zen downgraded Worksport from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Worksport in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.00.

Get Our Latest Stock Report on WKSP

Worksport Stock Up 0.9%

Worksport stock opened at $0.38 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 3.79. The company’s 50-day moving average is $0.51 and its 200-day moving average is $0.74. Worksport has a fifty-two week low of $0.37 and a fifty-two week high of $3.54.

Worksport (NASDAQ:WKSP – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.11. Worksport had a negative net margin of 114.49% and a negative return on equity of 102.57%. The business had revenue of $5.23 million during the quarter, compared to the consensus estimate of $4.50 million.

Worksport Company Profile

(Get Free Report)

Worksport Ltd. (NASDAQ: WKSP) develops and manufactures tonneau covers and related products for pickup trucks. Its covers are designed to protect cargo, improve vehicle utility and provide a secure, weather-resistant enclosure for truck beds.

The company’s product portfolio includes hard-shell and soft-folding tonneau covers, including its SC3 and SC4 models. Worksport has also developed TerraVis, a solar-integrated tonneau cover concept intended to generate electricity for use with a vehicle or auxiliary power system, as well as related energy-storage products.

Worksport is headquartered in West Seneca, New York, and focuses primarily on the North American pickup-truck market.