Short Interest Coverage: Could Workhorse Group Incorporated (NASDAQ:WKHS) Go Up After Its Newest Short Interest Report?

November 21, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Coverage: Could Workhorse Group Incorporated (NASDAQ:WKHS) Go Up After Its Newest Short Interest Report?

The stock of Workhorse Group Incorporated (NASDAQ:WKHS) registered an increase of 3.81% in short interest. WKHS’s total short interest was 758,300 shares in November as published by FINRA. Its up 3.81% from 730,500 shares, reported previously. With 42,000 shares average volume, it will take short sellers 18 days to cover their WKHS’s short positions. The short interest to Workhorse Group Incorporated’s float is 6.01%. About 22,715 shares traded hands. Workhorse Group Inc (NASDAQ:WKHS) has declined 11.10% since April 19, 2016 and is downtrending. It has underperformed by 14.96% the S&P500.

Workhorse Group, Inc., formerly AMP Holding Inc., is a development-stage company. The company has a market cap of $209.28 million. The Firm designs, develops, makes and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. It currently has negative earnings. The Company’s products include trucks comprising powertrain and chassis.

WKHS Company Profile

Workhorse Group, Inc., formerly AMP Holding Inc., incorporated on November 13, 2007, is a development-stage company. The Firm designs, develops, makes and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Firm offers commercial step vans, medium duty buses, special use vehicles and recreational vehicles. The Company’s products include trucks comprising powertrain and chassis. The Company’s powertrain products include E-GEN and E-100. E-GEN is an electric drive, transmission-free system that has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. The generator only runs when the battery pack falls below a pre-determined depth-of-discharge (DOD) based on the delivery profile associated to the specific route. E-100, an all-electric, medium-duty truck, is its second-generation electric power train. E-100 includes a single electric motor with no transmission and the Lithium Ion batteries giving it a range of approximately 100 miles.

More notable recent Workhorse Group Inc (NASDAQ:WKHS) news were published by: Prnewswire.com which released: “Workhorse Group Inc. Commences Development of Plug-In Electric Pickup Truck …” on November 07, 2016, also Prnewswire.com with their article: “Workhorse Group Inc. to Host its Third Quarter 2016 Investor Conference Call …” published on November 10, 2016, Marketwatch.com published: “Plus the latest data from Realtor.com on 21 home markets across the US” on April 20, 2015. More interesting news about Workhorse Group Inc (NASDAQ:WKHS) were released by: Prnewswire.com and their article: “Workhorse Group Purchases Existing Facility in Ohio” published on October 31, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Workhorse Group Inc.WKHS” with publication date: August 29, 2015.

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By Marie Mckinney


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