Hyzon Motors Inc. (NASDAQ:HYZN) Short Interest Up 120.1% in January

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

Hyzon Motors Price Performance

Shares of NASDAQ HYZN traded down $0.06 during mid-day trading on Wednesday, reaching $0.51. The company’s stock had a trading volume of 896,138 shares, compared to its average volume of 425,777. Hyzon Motors has a 52 week low of $0.42 and a 52 week high of $45.00. The stock has a fifty day moving average of $1.30 and a two-hundred day moving average of $2.83. The firm has a market capitalization of $3.97 million, a PE ratio of -0.01 and a beta of 2.90.

Institutional Investors Weigh In On Hyzon Motors

An institutional investor recently bought a new position in Hyzon Motors stock. First Commonwealth Financial Corp PA bought a new stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,870 shares of the company’s stock, valued at approximately $26,000. First Commonwealth Financial Corp PA owned approximately 0.20% of Hyzon Motors as of its most recent filing with the Securities & Exchange Commission. 61.41% of the stock is owned by institutional investors and hedge funds.

About Hyzon Motors

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.