Arcimoto, Inc. (NASDAQ:FUV) Short Interest Up 5.6% in March

Arcimoto, Inc. (NASDAQ:FUV) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 852,200 shares, a growth of 5.6% from the March 15th total of 807,000 shares. Based on an average daily volume of 62,800 shares, the days-to-cover ratio is currently 13.6 days. Approximately 10.5% of the shares of the company are sold short.

Institutional Trading of Arcimoto

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC bought a new position in shares of Arcimoto in the 2nd quarter valued at $2,391,000. Walleye Capital LLC bought a new position in Arcimoto in the second quarter valued at about $954,000. Invesco Ltd. boosted its stake in shares of Arcimoto by 14.6% during the first quarter. Invesco Ltd. now owns 2,603,216 shares of the company’s stock valued at $17,208,000 after purchasing an additional 331,832 shares in the last quarter. UBS Group AG grew its holdings in shares of Arcimoto by 108.9% during the third quarter. UBS Group AG now owns 23,205 shares of the company’s stock worth $32,000 after purchasing an additional 283,769 shares during the last quarter. Finally, Sabby Management LLC acquired a new position in shares of Arcimoto in the first quarter valued at approximately $350,000. Institutional investors own 13.31% of the company’s stock.

Arcimoto Stock Down 1.2 %

Shares of FUV stock traded down $0.01 during trading on Wednesday, hitting $0.42. The company had a trading volume of 16,479 shares, compared to its average volume of 61,058. The stock’s 50-day moving average price is $0.52 and its 200 day moving average price is $0.65. Arcimoto has a one year low of $0.41 and a one year high of $1.85. The company has a current ratio of 0.46, a quick ratio of 0.09 and a debt-to-equity ratio of 0.86.

Arcimoto (NASDAQ:FUV) last issued its earnings results on Monday, February 12th. The company reported ($1.58) earnings per share for the quarter. The business had revenue of $1.11 million during the quarter. Arcimoto had a negative net margin of 751.99% and a negative return on equity of 222.57%.

Arcimoto Company Profile

Arcimoto, Inc designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) use for everyday consumer trips. The company also provides Deliverator, an electric last-mile delivery solution to get goods where they need to go; TRiO, a bolt on kit that converts a two wheeled motorcycle into a tilting three wheeled motorcycle; and Arcimoto Flatbed, a prototype that eschews the rear seat.