Short Interest in Arcimoto, Inc. (NASDAQ:FUV) Increases By 8.8%

Arcimoto, Inc. (NASDAQ:FUV) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 927,600 shares, an increase of 8.8% from the March 31st total of 852,200 shares. Currently, 11.4% of the company’s stock are short sold. Based on an average daily volume of 60,100 shares, the days-to-cover ratio is presently 15.4 days.

Arcimoto Trading Down 5.0 %

Shares of NASDAQ FUV traded down $0.02 during trading on Wednesday, reaching $0.38. The company had a trading volume of 116,027 shares, compared to its average volume of 48,976. The business’s 50-day moving average is $0.48 and its 200 day moving average is $0.63. Arcimoto has a 12-month low of $0.38 and a 12-month 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 released its quarterly earnings data on Monday, February 12th. The company reported ($1.58) earnings per share for the quarter. The firm had revenue of $1.11 million for 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.