Short Interest in Arcimoto, Inc. (NASDAQ:FUV) Increases By 5.6%

Arcimoto, Inc. (NASDAQ:FUV) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 852,200 shares, an increase of 5.6% from the March 15th total of 807,000 shares. Approximately 10.5% of the shares of the stock are sold short. Based on an average daily volume of 62,800 shares, the days-to-cover ratio is presently 13.6 days.

Arcimoto Price Performance

NASDAQ:FUV opened at $0.42 on Thursday. Arcimoto has a twelve month low of $0.41 and a twelve month high of $1.85. The company has a quick ratio of 0.09, a current ratio of 0.46 and a debt-to-equity ratio of 0.86. The stock’s 50-day simple moving average is $0.51 and its 200 day simple moving average is $0.65.

Arcimoto (NASDAQ:FUV) last posted its quarterly earnings results on Monday, February 12th. The company reported ($1.58) earnings per share for the quarter. The company had revenue of $1.11 million during the quarter. Arcimoto had a negative net margin of 751.99% and a negative return on equity of 222.57%.

Institutional Trading of Arcimoto

A number of hedge funds and other institutional investors have recently modified their holdings of FUV. Millennium Management LLC acquired a new stake in shares of Arcimoto during the 2nd quarter valued at $2,391,000. Walleye Capital LLC bought a new stake in shares of Arcimoto during the second quarter worth about $954,000. Invesco Ltd. increased its stake in shares of Arcimoto by 14.6% in the first quarter. Invesco Ltd. now owns 2,603,216 shares of the company’s stock valued at $17,208,000 after buying an additional 331,832 shares during the period. UBS Group AG raised its holdings in Arcimoto by 108.9% in the 3rd quarter. UBS Group AG now owns 23,205 shares of the company’s stock valued at $32,000 after buying an additional 283,769 shares during the last quarter. Finally, Sabby Management LLC acquired a new stake in Arcimoto during the 1st quarter worth approximately $350,000. Institutional investors own 13.31% of the company’s stock.

About Arcimoto

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.