Ayro, Inc. (NASDAQ:AYRO) Sees Significant Drop in Short Interest

Ayro, Inc. (NASDAQ:AYRO) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 656,500 shares, a decline of 53.8% from the December 15th total of 1,420,000 shares. Currently, 12.0% of the shares of the stock are sold short. Based on an average daily volume of 523,200 shares, the days-to-cover ratio is currently 1.3 days.

Ayro Price Performance

Shares of Ayro stock opened at $0.66 on Tuesday. Ayro has a 1-year low of $0.64 and a 1-year high of $1.86. The stock has a market cap of $4.43 million, a P/E ratio of -0.15 and a beta of 3.20. The stock’s 50 day simple moving average is $0.74 and its 200-day simple moving average is $0.78.

About Ayro

Ayro, Inc designs, manufactures, and sells electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use in the United States. It provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers.