Hyzon Motors Inc. (NASDAQ:HYZN – Get Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 348,800 shares, an increase of 120.1% from the December 15th total of 158,500 shares. Based on an average daily trading volume, of 876,600 shares, the days-to-cover ratio is currently 0.4 days. Currently, 5.0% of the company’s shares are short sold.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Hyzon Motors stock. First Commonwealth Financial Corp PA acquired a new position in Hyzon Motors Inc. (NASDAQ:HYZN – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,870 shares of the company’s stock, valued at approximately $26,000. First Commonwealth Financial Corp PA owned approximately 0.20% of Hyzon Motors at the end of the most recent quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.
Hyzon Motors Price Performance
NASDAQ HYZN traded down $0.03 on Tuesday, hitting $0.90. 129,804 shares of the stock were exchanged, compared to its average volume of 295,846. The company’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $3.93. The company has a market capitalization of $6.84 million, a price-to-earnings ratio of -0.03 and a beta of 2.83. Hyzon Motors has a 52-week low of $0.86 and a 52-week high of $45.00.
About Hyzon Motors
Hyzon Motors Inc supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing.
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