Hyzon Motors Inc. (NASDAQ:HYZN – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 11,600,000 shares, a decrease of 9.3% from the August 15th total of 12,790,000 shares. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is presently 6.9 days. Currently, 12.8% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, DA Davidson reduced their price target on Hyzon Motors from $4.00 to $1.00 in a report on Monday, June 12th.
Hyzon Motors Price Performance
Hyzon Motors (NASDAQ:HYZN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.07). Hyzon Motors had a negative return on equity of 61.74% and a negative net margin of 2,864.49%. Equities research analysts expect that Hyzon Motors will post -0.71 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Hyzon Motors
A number of institutional investors and hedge funds have recently bought and sold shares of HYZN. Y Intercept Hong Kong Ltd acquired a new stake in Hyzon Motors during the 2nd quarter worth about $198,000. Quarry LP acquired a new stake in shares of Hyzon Motors during the second quarter valued at approximately $456,000. Shay Capital LLC lifted its position in shares of Hyzon Motors by 30.4% in the 2nd quarter. Shay Capital LLC now owns 1,269,769 shares of the company’s stock valued at $1,217,000 after acquiring an additional 295,691 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hyzon Motors by 12.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,044,908 shares of the company’s stock valued at $1,002,000 after acquiring an additional 112,736 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Hyzon Motors in the 2nd quarter worth approximately $36,000. 18.97% of the stock is owned by institutional investors and hedge funds.
About Hyzon Motors
Hyzon Motors Inc provides decarbonized solutions for commercial vehicle market and hydrogen supply infrastructure. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It 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.
- Five stocks we like better than Hyzon Motors
- Compound Interest and Why It Matters When Investing
- Hold-It-Forever AutoZone Pulls into Buy Zone
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Virtual Riches: 3 Stocks Leading the VR Revolution
- How to Invest in Renewable Energy
- 5 eCommerce Companies that need to be on Your Watch List
Receive News & Ratings for Hyzon Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyzon Motors and related companies with MarketBeat.com's FREE daily email newsletter.