Workhorse Group Inc. (NASDAQ:WKHS) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,232,252 shares, a growth of 62.5% from the September 15th total of 758,286 shares. Approximately 9.8% of the company’s shares are short sold. Based on an average daily volume of 146,815 shares, the days-to-cover ratio is currently 8.4 days.
Separately, Maxim Group boosted their price objective on Workhorse Group from $15.00 to $22.00 and gave the company a “buy” rating in a report on Monday, September 19th.
In other news, Director H. Benjamin Samuels acquired 143,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were purchased at an average price of $5.28 per share, for a total transaction of $757,680.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 15.10% of the stock is owned by company insiders.
Shares of Workhorse Group (NASDAQ:WKHS) opened at 7.10 on Friday. Workhorse Group has a 12-month low of $3.55 and a 12-month high of $11.70. The stock’s market cap is $177.98 million. The company has a 50 day moving average price of $7.81 and a 200 day moving average price of $7.58.
Workhorse Group Company Profile
Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.
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