Embark Technology, Inc. (NASDAQ:EMBKW) Sees Significant Growth in Short Interest
Embark Technology, Inc. (NASDAQ: EMBKW – Get Rating) saw a sharp rise in short interest rates in May. As of May 15, there was a short interest rate for a total of 6,800 shares, an increase of 58.1% over the April 30 total of 4,300 shares. According to an average daily trading volume of 48,500 shares, the ratio of days to coverage is currently 0.1 days.
A hedge fund has recently increased its stake in Embark Technology shares. Walleye Capital LLC expanded its stake in Embark Technology, Inc. (NASDAQ: EMBKW – Get Rating) 108.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 297,016 shares of the company’s shares after buying an additional 154,342 shares during the quarter. Walleye Capital LLC’s stakes in Embark Technology were valued at $ 339,000 since its most recent filing with the SEC.
Shares of EMBKW opened at $ 0.34 on Friday. Embark Technology has a 52-week low of $ 0.21 and a 52-week high of $ 2.40.
Get news and scores from Embark Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and ratings from Embark Technology analysts and companies related to the FREE Daily MarketBeat.com email newsletter.