Short Interest in Ayro, Inc. (NASDAQ:AYRO) Grows By 37.6%

Ayro, Inc. (NASDAQ:AYRO) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 563,800 shares, a growth of 37.6% from the March 31st total of 409,600 shares. Based on an average trading volume of 26,500 shares, the days-to-cover ratio is currently 21.3 days. Currently, 13.9% of the shares of the company are short sold.

Ayro Stock Performance

NASDAQ AYRO traded up $0.03 during trading hours on Monday, hitting $1.44. 26,791 shares of the company’s stock traded hands, compared to its average volume of 38,697. Ayro has a 52 week low of $1.21 and a 52 week high of $9.40. The business’s fifty day moving average price is $1.59 and its two-hundred day moving average price is $1.74.

Ayro (NASDAQ:AYRO) last released its earnings results on Monday, April 1st. The company reported ($2.73) EPS for the quarter. The company had revenue of $0.16 million during the quarter. Ayro had a negative return on equity of 84.34% and a negative net margin of 6,845.89%. On average, research analysts anticipate that Ayro will post -5.31 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ayro stock. PFG Investments LLC acquired a new stake in shares of Ayro, Inc. (NASDAQ:AYRO) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 59,482 shares of the company’s stock, valued at approximately $99,000. PFG Investments LLC owned 1.20% of Ayro at the end of the most recent quarter. 5.65% of the stock is owned by hedge funds and other institutional investors.

Ayro Company Profile

Ayro, Inc designs, manufactures, and sells electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use in the United States. It provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers.