Short Interest in Hyzon Motors Inc. (NASDAQ:HYZN) Grows By 120.1%

Hyzon Motors Inc. (NASDAQ:HYZN) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 348,800 shares, a growth of 120.1% from the December 31st total of 158,500 shares. Currently, 5.0% of the company’s shares are short sold. Based on an average daily trading volume, of 876,600 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Hyzon Motors

A hedge fund recently raised its stake in Hyzon Motors stock. Victory Capital Management Inc. raised its stake in Hyzon Motors Inc. (NASDAQ:HYZN) by 48.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,199 shares of the company’s stock after buying an additional 8,173 shares during the period. Victory Capital Management Inc. owned about 0.46% of Hyzon Motors worth $61,000 as of its most recent SEC filing. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Hyzon Motors Trading Up 24.8 %

Shares of NASDAQ:HYZN traded up $0.13 during trading on Friday, hitting $0.64. 7,341,127 shares of the company were exchanged, compared to its average volume of 384,252. The stock has a market cap of $4.96 million, a price-to-earnings ratio of -0.02 and a beta of 2.90. Hyzon Motors has a fifty-two week low of $0.42 and a fifty-two week high of $45.00. The firm has a fifty day moving average price of $1.28 and a two-hundred day moving average price of $2.82.

Hyzon Motors Company Profile

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.