Short Interest in Vicinity Motor Corp. (NASDAQ:VEV) Decreases By 53.3%

Vicinity Motor Corp. (NASDAQ:VEV) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 293,800 shares, a drop of 53.3% from the September 15th total of 629,400 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 9,340,000 shares, the days-to-cover ratio is currently 0.0 days.

Vicinity Motor Stock Down 6.2 %

VEV traded down $0.01 on Friday, hitting $0.12. The company had a trading volume of 980,893 shares, compared to its average volume of 3,111,577. Vicinity Motor has a 12-month low of $0.09 and a 12-month high of $0.98. The business’s fifty day simple moving average is $0.15 and its 200 day simple moving average is $0.47. The company has a market cap of $5.35 million, a PE ratio of -0.29 and a beta of 0.44.

Vicinity Motor Company Profile

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.