Workhorse Group, Inc. (NASDAQ:WKHS) Sees Large Decline in Short Interest

Workhorse Group, Inc. (NASDAQ:WKHS) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 439,256 shares, a decrease of 82.1% from the November 30th total of 2,459,237 shares. Based on an average daily volume of 502,766 shares, the short-interest ratio is currently 0.9 days. Currently, 20.6% of the shares of the stock are short sold. Currently, 20.6% of the shares of the stock are short sold. Based on an average daily volume of 502,766 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Workhorse Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Insider Buying and Selling

In other Workhorse Group news, Director Pamela S. Mader sold 5,051 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $32,882.01. Following the completion of the transaction, the director owned 140 shares of the company’s stock, valued at approximately $911.40. The trade was a 97.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard F. Dauch sold 8,564 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $55,751.64. Following the completion of the sale, the chief executive officer owned 1,310 shares in the company, valued at approximately $8,528.10. The trade was a 86.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 38,655 shares of company stock worth $251,644. 1.91% of the stock is owned by company insiders.

Institutional Trading of Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC lifted its holdings in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Workhorse Group Stock Performance

NASDAQ:WKHS opened at $5.55 on Thursday. The stock’s 50-day moving average is $9.53 and its 200-day moving average is $14.77. Workhorse Group has a 1-year low of $5.10 and a 1-year high of $139.69. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. The stock has a market cap of $12.04 million, a P/E ratio of -0.06 and a beta of 2.32.

Workhorse Group (NASDAQ:WKHS) last posted its earnings results on Monday, November 10th. The company reported ($16.68) EPS for the quarter, topping the consensus estimate of ($17.40) by $0.72. The business had revenue of $2.38 million for the quarter, compared to the consensus estimate of $2.50 million. Workhorse Group had a negative net margin of 606.64% and a negative return on equity of 232.69%. Equities research analysts anticipate that Workhorse Group will post -3.8 earnings per share for the current year.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.