Electrameccanica Vehicles Corp (NASDAQ:SOLO) Short Interest Update

Electrameccanica Vehicles Corp (NASDAQ:SOLO) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 849,100 shares, an increase of 9.7% from the September 30th total of 774,100 shares. Based on an average trading volume of 153,300 shares, the days-to-cover ratio is presently 5.5 days. Approximately 4.2% of the company’s stock are short sold.

Several analysts have recently issued reports on the stock. Aegis assumed coverage on shares of Electrameccanica Vehicles in a research note on Wednesday, September 18th. They issued a “buy” rating and a $5.00 target price for the company. Zacks Investment Research upgraded shares of Electrameccanica Vehicles from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, ValuEngine lowered shares of Electrameccanica Vehicles from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $5.19.

Shares of NASDAQ SOLO traded down $0.03 during trading on Friday, hitting $1.98. The stock had a trading volume of 152,500 shares, compared to its average volume of 157,151. The firm has a fifty day moving average of $1.92 and a two-hundred day moving average of $2.44. Electrameccanica Vehicles has a 12 month low of $0.90 and a 12 month high of $6.74. The company has a market capitalization of $73.98 million, a PE ratio of -5.08 and a beta of 1.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 9.81 and a quick ratio of 16.24.

Electrameccanica Vehicles Company Profile

Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles.

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