Why Workhorse Stock Is Rising
Workhorse Group Inc (NASDAQ: WKHS) shares are trading higher by 8.44% to $2.58 as EV stocks gain amid strength in growth equities.
What's Happening In The Broader EV Space?
Tesla Tops Auto Stocks For Short Sellers: How Do Ford, Nio, Lucid And Rivian Rank?
After several years of exceptional performance, Tesla Inc. (NASDAQ: TSLA) stock has taken a hard hit in 2022 as rising interest rates have triggered a rotation out of growth stocks.
Short Interest Sector Focus: Consumer Cyclical Sector
As of the close of business on Monday, 10/10, we captured the Top 10 Highest Short Interest % stocks within the Consumer Cyclical.
The average short interest for stocks within the Consumer Cyclical sector stands at 4.86%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
Tesla’s AI Day Announcements, Lordstown, Fisker On Track With Production Plans, Faraday Future Gets A Lifeline And More: Week’s Biggest EV Stories
Electric vehicle stocks moved to the downside once again in the week that ended Sept. 30 as economic worries continue to roil the broader market. Lordstown Motors Corp. (NASDAQ: RIDE) and Workhorse Group, Inc.
Why Workhorse Stock Is Falling
Workhorse Group Inc (NASDAQ: WKHS) shares are trading lower by 7.90% to $2.68 Thursday morning amid overall market weakness. Concerns over rising rates and a potential economic slowdown have driven a 'risk-off' sentiment, pressuring EV stocks lower.
Workhorse Group Granted U.S. Patents Land vehicles adapted for use as electric delivery vehicles, Land vehicles incorporating impact management systems
https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=5777&f=G&l=50&d=PTXT&p=116&S1=20220913&OS=20220913&RS=20220913
Workhorse Group’s Return On Capital Employed Insights
According to data from Benzinga Pro, during Q2, Workhorse Group's (NASDAQ:WKHS) reported sales totaled $12 thousand. Despite a 4.05% increase in earnings, the company posted a loss of $21.16 million.
Workhorse Group Shares Move Higher Following Washington Post Reporter Tweet, ‘USPS will pilot a new EV delivery truck, @BrightDrop EV600, at a Northern Virginia post office in October and November, according to correspondence I’ve obtained.’
https://twitter.com/jacobbogage/status/1562867954307715073
Short Interest Sector Focus: Consumer Cyclical Sector
As of the close of business on Tuesday, 8/23, we captured the Top 10 Highest Short Interest % stocks within the Consumer Cyclical Sector.
The average short interest for stocks within the Consumer Cyclical sector stands at 4.72%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
