Canoo Inc. (NASDAQ:GOEVW) Sees Large Decrease in Short Interest

Canoo Inc. (NASDAQ:GOEVW) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 38,500 shares, a decline of 6.1% from the September 15th total of 41,000 shares. Based on an average daily volume of 85,500 shares, the days-to-cover ratio is currently 0.5 days.

Canoo Trading Up 4.8 %

Shares of NASDAQ:GOEVW traded up $0.00 during midday trading on Thursday, reaching $0.04. 8,687 shares of the company’s stock traded hands, compared to its average volume of 114,212. Canoo has a one year low of $0.03 and a one year high of $0.17. The stock has a 50 day moving average of $0.04 and a 200 day moving average of $0.06.

About Canoo

Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components.