Embark Technology Co., Ltd. (NASDAQ: EMBK – get rating) shows that the short-selling interest rate dropped significantly in January. As of Jan. 31, there were a total of 890,500 shares shorted, down 8.8% from the Jan. 15 total of 976,300 shares. Currently, 7.4% of the company’s shares are sold short. Based on his average daily trading volume of 259,500 shares, the ratio of days covered is now 3.4 days.
Embark on technology trading, up 8.4%
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shares of boarding technology stock Opened Thursday for $5.16. Embark Technology has a 52-week low of $2.02 and a 52-week high of $134.40. The company has a quick ratio of 12.75, a current ratio of 12.75 and a debt to equity ratio of 0.01. The company has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $8.16. The company has a market capitalization of $120.85 million, a price/earnings multiple of -0.67 and a beta of 1.70.
institution inflow and outflow
Many institutional investors and hedge funds have recently changed positions in the company. Vanguard Group Inc. increased his stake in Embark Technology by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,769,759 shares worth $16,314,000 after acquiring an additional 60,744 shares during this period. State Street Corp increased his Embark Technology stake 141.7% in the second quarter. State Street Corp now owns 2,468,621 shares worth $1,247,000 after acquiring an additional 1,447,156 shares during this period. Millennium Management LLC increased his stake in Embark Technology’s stake by 71.8% in the second quarter. Millennium Management LLC now owns 1,654,254 shares worth $836,000 after acquiring an additional 691,172 shares during this period. Renaissance Technologies LLC acquired a new position worth approximately $565,000 in his Embark Technology stock in the second quarter. Finally, Vestcor Inc expanded his position at Embark Technology by 42.7% in the fourth quarter. Vestcor Inc now owns 1,100,622 shares worth $3,621,000 after purchasing an additional 329,377 shares during this period. Currently 51.56% of the shares are owned by institutional investors and hedge funds.
About Embark Technology
Embark Technology, Inc develops self-driving software solutions for the US trucking industry. That solution includes his Embark Driver, self-driving truck software. Embark on Universal Interface, an interoperable autonomous driving stack that works across truck OEM platforms. Embark Guardian is a cloud-based autonomous fleet management solution that enables airlines to control access to real-time data such as aviation updates, remote vehicle monitoring, remote vehicle assistance, dispatch, weather and construction.
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