Worksport Ltd. (NASDAQ:WKSP) Short Interest Update

Worksport Ltd. (NASDAQ:WKSP) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 138,700 shares, a decline of 15.0% from the March 31st total of 163,100 shares. Based on an average trading volume of 227,500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Investors Weigh In On Worksport

An institutional investor recently bought a new position in Worksport stock. Armistice Capital LLC purchased a new position in shares of Worksport Ltd. (NASDAQ:WKSP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,707,000 shares of the company’s stock, valued at approximately $2,543,000. Armistice Capital LLC owned 8.79% of Worksport as of its most recent SEC filing. Hedge funds and other institutional investors own 16.11% of the company’s stock.

Worksport Stock Performance

Shares of WKSP opened at $0.59 on Tuesday. Worksport has a fifty-two week low of $0.36 and a fifty-two week high of $4.33. The stock has a fifty day moving average of $0.74 and a two-hundred day moving average of $1.21. The company has a market capitalization of $14.22 million, a PE ratio of -0.69 and a beta of 1.03.

Worksport (NASDAQ:WKSP) last released its earnings results on Thursday, March 28th. The company reported ($0.19) EPS for the quarter. Worksport had a negative net margin of 975.75% and a negative return on equity of 79.01%. The business had revenue of $0.84 million during the quarter.

Worksport Company Profile

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold, aluminum flush-mounted, and top-mounted folding tonneau covers.