Short Interest in Arrival (NASDAQ:ARVL) Increases By 22.6%

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.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Arrival by 3.7% during the 2nd quarter. BlackRock Inc. now owns 17,551,302 shares of the company’s stock worth $275,028,000 after buying an additional 625,521 shares in the last quarter. FMR LLC acquired a new position in Arrival during the 2nd quarter worth $153,645,000. Alyeska Investment Group L.P. acquired a new position in Arrival during the 1st quarter worth $83,061,000. Atalaya Capital Management LP acquired a new position in Arrival during the 1st quarter worth $37,386,000. Finally, Goldman Sachs Group Inc. acquired a new position in Arrival during the 2nd quarter worth $13,696,000. 8.81% of the stock is currently owned by hedge funds and other institutional investors.

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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