19 days ago • Posted by William Ramstein

Short-selling EV manufacturers in 2021?

At the end of April, the second most-shorted stock on all major U.S. exchanges was Workhorse Group Inc., an Ohio-based manufacturer of electric-powered delivery and utility vehicles with 33.16% of its outstanding stock held by short-sellers, according to Market Intelligence data. The shorting thesis is 1. high valuations mixed with 2. increased competition and 3. semiconductor shortage.  

Source: spglobal