Is Arcimoto Inc (NASDAQ:FUV)’s Fuel Running Low? Reports Show More Sellers

The stock of Arcimoto Inc (NASDAQ:FUV) registered an increase of 2.48% in short interest. FUV’s total short interest was 107,600 shares in August as published by FINRA. Its up 2.48% from 105,000 shares, reported previously. With 54,800 shares average volume, it will take short sellers 2 days to cover their FUV’s short positions. The short interest to Arcimoto Inc’s float is 1.48%.

The stock increased 4.73% or $0.13 during the last trading session, reaching $2.88. About 20,217 shares traded. Arcimoto, Inc. (NASDAQ:FUV) has declined 18.55% since August 15, 2018 and is downtrending. It has underperformed by 18.55% the S&P500.

Arcimoto, Inc. develops and builds a pilot fleet of three-wheeled electric vehicles. The company has market cap of $47.08 million. The firm was formerly known as WTP Inc and changed its name to Arcimoto, Inc. in December 2011. It currently has negative earnings.

More notable recent Arcimoto, Inc. (NASDAQ:FUV) news were published by: Globenewswire.com which released: “2050 Motors Provides Shareholder Update Other OTC:ETFM – GlobeNewswire” on March 08, 2019, also Benzinga.com with their article: “31 Stocks Moving In Friday’s Pre-Market Session – Benzinga” published on February 15, 2019, Businesswire.com published: “Arcimoto Commemorates Six-Month Anniversary of Successful Reg A+ IPO and Nasdaq Listing with Nasdaq Closing Bell Ceremony – Business Wire” on April 04, 2018. More interesting news about Arcimoto, Inc. (NASDAQ:FUV) were released by: Seekingalpha.com and their article: “Arcimoto – Stock Price Soars 83% As Retail Production Nears – Seeking Alpha” published on June 20, 2018 as well as Businesswire.com‘s news article titled: “Arcimoto Reschedules Third Quarter 2018 Financial Results Webcast to November 16th at 2:00 p.m. Pacific Time – Business Wire” with publication date: November 12, 2018.

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