Vicinity Motor Corp. (NASDAQ:VEV) Short Interest Down 59.6% in April

Vicinity Motor Corp. (NASDAQ:VEV) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 3,600 shares, a drop of 59.6% from the March 31st total of 8,900 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 24,900 shares, the days-to-cover ratio is presently 0.1 days.

Vicinity Motor Stock Performance

Shares of NASDAQ VEV opened at $0.68 on Friday. Vicinity Motor has a 1 year low of $0.60 and a 1 year high of $1.38. The firm’s 50 day moving average price is $0.73 and its 200 day moving average price is $0.81. The firm has a market cap of $31.27 million, a P/E ratio of -1.85 and a beta of 0.57.

Vicinity Motor (NASDAQ:VEV) last posted its quarterly earnings results on Tuesday, April 2nd. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $5.09 million for the quarter. Vicinity Motor had a negative return on equity of 54.76% and a negative net margin of 87.32%.

Vicinity Motor Company Profile

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.