Arrival (NASDAQ:ARVL) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 13,580,000 shares, an increase of 22.6% from the August 15th total of 11,080,000 shares. Based on an average trading volume of 2,780,000 shares, the short-interest ratio is currently 4.9 days. Currently, 8.8% of the shares of the stock are sold short.
Separately, Barclays assumed coverage on Arrival in a research report on Thursday, June 3rd. They set an “overweight” rating and a $25.00 price target on the stock.
NASDAQ ARVL opened at $12.51 on Tuesday. The stock’s 50 day simple moving average is $12.40. Arrival has a one year low of $9.92 and a one year high of $37.18.
Arrival Company Profile
Arrival primarily focuses on the production of commercial electric vehicle vans and buses. It has operations in the United Kingdom, the United States, Germany, the Netherlands, Israel, Russia, and Luxembourg. The company was founded in 2015 and is based in Howald, Luxembourg.
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