Einride (NASDAQ:ENRD – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 298,924 shares, an increase of 82.1% from the September 30th total of 164,115 shares. Based on an average trading volume of 141,263 shares, the short-interest ratio is presently 2.1 days. Currently, 0.3% of the shares of the company are short sold.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on ENRD shares. Weiss Ratings assumed coverage on Einride in a report on Monday, September 14th. They issued a “sell (e-)” rating on the stock. Wall Street Zen cut Einride from a “hold” rating to a “sell” rating in a research report on Sunday, October 18th. Finally, Canaccord Genuity Group started coverage on shares of Einride in a report on Tuesday, September 15th. They issued a “buy” rating and a $8.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Einride has a consensus rating of “Hold” and an average price target of $8.00.
View Our Latest Report on Einride
Einride Stock Down 2.7%
NASDAQ:ENRD traded down $0.06 on Friday, reaching $2.16. 25,929 shares of the company’s stock traded hands, compared to its average volume of 124,546. The stock has a market cap of $307.15 million, a PE ratio of 7.20 and a beta of 0.36. Einride has a 12 month low of $1.84 and a 12 month high of $34.00.
About Einride
Einride is a Swedish freight-technology company that develops electric and autonomous transportation solutions for commercial and industrial customers. Its offerings are designed to help companies plan, manage and decarbonize the movement of goods, combining electric heavy-duty vehicles, autonomous trucking technology and digital logistics services.
The company’s platform includes Einride Saga, a digital freight operating system that supports the planning, monitoring and optimization of transportation operations.
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