Ayro, Inc. (NASDAQ:AYRO) Sees Significant Growth in Short Interest

Ayro, Inc. (NASDAQ:AYRO) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 755,100 shares, a growth of 19.8% from the February 13th total of 630,500 shares. Based on an average daily trading volume, of 593,000 shares, the short-interest ratio is currently 1.3 days. Approximately 14.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Ayro

An institutional investor recently bought a new position in Ayro stock. Virtu Financial LLC bought a new stake in shares of Ayro, Inc. (NASDAQ:AYRO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 104,895 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned 1.55% of Ayro as of its most recent SEC filing. 5.65% of the stock is currently owned by institutional investors.

Ayro Stock Down 6.6 %

Shares of NASDAQ:AYRO opened at $0.52 on Tuesday. The firm has a fifty day moving average of $0.63 and a two-hundred day moving average of $0.72. The firm has a market capitalization of $3.52 million, a P/E ratio of -0.12 and a beta of 3.39. Ayro has a 12-month low of $0.49 and a 12-month high of $1.75.

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.