Hyzon Motors Inc. (NASDAQ:HYZN) Short Interest Update

Hyzon Motors Inc. (NASDAQ:HYZN) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 8,230,000 shares, a drop of 5.9% from the June 15th total of 8,750,000 shares. Based on an average trading volume of 436,900 shares, the days-to-cover ratio is presently 18.8 days. Currently, 6.4% of the shares of the stock are sold short.

Hyzon Motors Stock Performance

Hyzon Motors stock remained flat at $0.31 during mid-day trading on Wednesday. 806,766 shares of the company’s stock traded hands, compared to its average volume of 497,464. The firm has a market capitalization of $77.68 million, a PE ratio of -0.41 and a beta of 2.94. Hyzon Motors has a twelve month low of $0.20 and a twelve month high of $2.17. The business’s 50 day moving average price is $0.44 and its two-hundred day moving average price is $0.59.

Hyzon Motors (NASDAQ:HYZN) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. The business had revenue of $9.98 million during the quarter, compared to the consensus estimate of $0.50 million. As a group, sell-side analysts forecast that Hyzon Motors will post -0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “buy” rating and set a $1.60 target price on shares of Hyzon Motors in a research report on Monday, March 25th.

Insider Activity

In other news, major shareholder Fuel Cell Technologies Horizon sold 197,183 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $0.55, for a total value of $108,450.65. Following the completion of the transaction, the insider now directly owns 90,179,537 shares in the company, valued at $49,598,745.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 854,823 shares of company stock worth $456,752. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hyzon Motors

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Hyzon Motors by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,745,622 shares of the company’s stock worth $2,760,000 after acquiring an additional 48,833 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Hyzon Motors in the 4th quarter worth approximately $108,000. Finally, Citigroup Inc. increased its stake in shares of Hyzon Motors by 64.8% in the third quarter. Citigroup Inc. now owns 103,229 shares of the company’s stock worth $129,000 after buying an additional 40,583 shares during the period. 61.41% of the stock is currently owned by institutional investors.

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.