Hyzon Motors Inc. (NASDAQ:HYZN) Sees Large Increase in Short Interest

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

Institutional Trading of Hyzon Motors

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

Hyzon Motors Trading Up 0.6 %

HYZN traded up $0.01 during mid-day trading on Thursday, hitting $0.90. 133,543 shares of the stock were exchanged, compared to its average volume of 265,679. The firm’s fifty day moving average is $1.47 and its two-hundred day moving average is $3.91. Hyzon Motors has a 1-year low of $0.86 and a 1-year high of $45.00. The company has a market cap of $6.95 million, a PE ratio of -0.03 and a beta of 2.90.

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.