XL Fleet Corp. (NYSE:XL) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 13,030,000 shares, a decrease of 24.2% from the August 15th total of 17,190,000 shares. Currently, 13.7% of the company’s shares are sold short. Based on an average daily volume of 2,830,000 shares, the short-interest ratio is presently 4.6 days.
XL Fleet stock traded up $0.04 during trading hours on Tuesday, reaching $6.16. 1,573,208 shares of the company’s stock traded hands, compared to its average volume of 6,565,147. The firm has a market capitalization of $858.50 million, a price-to-earnings ratio of 307.15 and a beta of 0.53. The firm’s 50 day moving average is $6.60 and its 200-day moving average is $7.63. XL Fleet has a fifty-two week low of $5.41 and a fifty-two week high of $35.00.
XL Fleet (NYSE:XL) last announced its quarterly earnings results on Thursday, August 12th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $3.69 million during the quarter.
XL has been the topic of a number of research reports. Canaccord Genuity downgraded shares of XL Fleet from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research report on Monday, August 16th. BTIG Research downgraded shares of XL Fleet from a “buy” rating to a “neutral” rating in a research report on Friday, July 9th.
About XL Fleet
XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which offers a more significant MPG and emissions improvement than the hybrid system, while enabling customers to plug in their vehicles to a level 1 or level 2 charging station.
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