Hyzon Motors Inc. (NASDAQ:HYZN) Sees Significant Growth in Short Interest

Hyzon Motors Inc. (NASDAQ:HYZN) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 417,300 shares, a growth of 57.3% from the September 30th total of 265,300 shares. Currently, 9.1% of the company’s shares are sold short. Based on an average daily volume of 879,500 shares, the days-to-cover ratio is currently 0.5 days.

Insiders Place Their Bets

In other Hyzon Motors news, major shareholder Fuel Cell Technologies Horizon sold 28,220 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $5.00, for a total value of $141,100.00. Following the completion of the transaction, the insider now directly owns 1,028,743 shares in the company, valued at approximately $5,143,715. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 234,455 shares of company stock worth $948,098. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyzon Motors

A hedge fund recently raised its stake in Hyzon Motors stock. Vanguard Group Inc. boosted its position in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,745,622 shares of the company’s stock after purchasing an additional 48,833 shares during the quarter. Vanguard Group Inc. owned about 1.53% of Hyzon Motors worth $2,760,000 at the end of the most recent reporting period. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Hyzon Motors Price Performance

NASDAQ:HYZN opened at $1.92 on Friday. The firm’s 50-day moving average price is $2.57 and its 200-day moving average price is $13.89. The company has a market capitalization of $475.00 million, a PE ratio of -2.49 and a beta of 2.85. Hyzon Motors has a 1-year low of $1.84 and a 1-year high of $63.00.

Hyzon Motors (NASDAQ:HYZN) last released its earnings results on Tuesday, August 13th. The company reported ($10.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($7.50) by ($3.00). The firm had revenue of $0.31 million for the quarter, compared to analysts’ expectations of $1.00 million. During the same quarter in the previous year, the company earned ($12.50) earnings per share.

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.