Short Interest in Worksport Ltd. (NASDAQ:WKSP) Grows By 647.2%

Posted by Brian Himes on Sep 11th, 2026

Worksport Ltd. (NASDAQ:WKSP – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,038,600 shares, an increase of 647.2% from the August 15th total of 139,000 shares. Currently, 7.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,258,210 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

WKSP has been the subject of several research reports. Maxim Group set a $2.00 price objective on shares of Worksport and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Worksport in a research report on Wednesday, July 8th. Finally, Wall Street Zen cut shares of Worksport from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.75.

View Our Latest Research Report on WKSP

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WKSP. XTX Topco Ltd bought a new position in shares of Worksport in the 4th quarter valued at about $38,000. Armistice Capital LLC bought a new stake in shares of Worksport during the fourth quarter worth approximately $2,058,000. State Street Corp bought a new stake in shares of Worksport during the fourth quarter worth approximately $34,000. Steward Partners Investment Advisory LLC lifted its holdings in Worksport by 255.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,000 shares of the company’s stock valued at $151,000 after buying an additional 51,000 shares during the period. Finally, LPL Financial LLC lifted its holdings in Worksport by 225.2% in the fourth quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock valued at $115,000 after buying an additional 37,440 shares during the period. 16.11% of the stock is currently owned by institutional investors and hedge funds.

Worksport Stock Down 7.9%

NASDAQ WKSP opened at $0.46 on Friday. The stock has a market capitalization of $7.05 million, a P/E ratio of -0.20 and a beta of 0.27. Worksport has a 52 week low of $0.46 and a 52 week high of $3.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 3.79. The stock has a fifty day moving average of $0.67 and a 200-day moving average of $0.90.

Worksport (NASDAQ:WKSP – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.11. The business had revenue of $5.23 million for the quarter, compared to analyst estimates of $4.50 million. Worksport had a negative return on equity of 102.57% and a negative net margin of 114.49%.

About Worksport

(Get Free Report)

Worksport Ltd. is an Israeli-based designer, developer and global supplier of innovative automotive accessories, with a primary focus on pickup truck bed covers. The company’s core offerings include a range of hard and soft tonneau covers under brands such as ROLL, FLEXIT and SOLAR, engineered to provide truck owners with enhanced utility, security and weather protection. Worksport leverages advanced polymer materials and patented folding mechanisms to deliver lightweight, durable solutions that are easy to install and operate.

In recent years, Worksport has expanded its product portfolio to incorporate solar technology, introducing integrated solar tonneau covers capable of generating power for auxiliary truck systems or charging batteries for recreational and off-grid applications.