Short Interest in Hyzon Motors Inc. (NASDAQ:HYZN) Expands By 120.1%

Hyzon Motors Inc. (NASDAQ:HYZN) saw a significant increase in short interest during 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. Based on an average trading volume of 876,600 shares, the days-to-cover ratio is presently 0.4 days. Approximately 5.0% of the shares of the company are sold short.

Hyzon Motors Trading Down 10.1 %

HYZN stock traded down $0.06 during trading on Wednesday, reaching $0.51. The stock had a trading volume of 896,138 shares, compared to its average volume of 425,777. The firm has a market cap of $3.97 million, a PE ratio of -0.01 and a beta of 2.90. The stock’s 50 day moving average is $1.30 and its two-hundred day moving average is $2.83. Hyzon Motors has a 52 week low of $0.42 and a 52 week high of $45.00.

Hedge Funds Weigh In On Hyzon Motors

A hedge fund recently bought a new stake in Hyzon Motors stock. First Commonwealth Financial Corp PA acquired a new stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,870 shares of the company’s stock, valued at approximately $26,000. First Commonwealth Financial Corp PA owned 0.20% of Hyzon Motors at the end of the most recent reporting period. 61.41% of the stock is currently owned by institutional investors and hedge funds.

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.