ADOMANI, Inc. (NASDAQ:ADOM) was the recipient of a significant decline in short interest in January. As of January 12th, there was short interest totalling 276,797 shares, a decline of 50.8% from the December 29th total of 562,224 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 450,723 shares, the days-to-cover ratio is presently 0.6 days.
ADOMANI (NASDAQ ADOM) opened at $1.76 on Monday. ADOMANI has a 52 week low of $1.72 and a 52 week high of $18.31. The company has a market capitalization of $119.80 and a PE ratio of -5.18.
A hedge fund recently bought a new stake in ADOMANI stock. Jane Street Group LLC bought a new stake in ADOMANI, Inc. (NASDAQ:ADOM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,195 shares of the company’s stock, valued at approximately $106,000. 0.59% of the stock is currently owned by institutional investors.
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Adomani, Inc is engaged in designing, manufacturing and installing electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. The Company also designs, manufactures and installs conversion kits to replace conventional drivetrain systems for diesel and gasoline powered vehicles, electric or hybrid drivetrain systems.
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