Einride (NASDAQ:ENRD – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 298,924 shares, a growth of 82.1% from the September 30th total of 164,115 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 141,263 shares, the short-interest ratio is presently 2.1 days.
Analyst Upgrades and Downgrades
ENRD has been the topic of several research reports. Wall Street Zen cut shares of Einride from a “hold” rating to a “sell” rating in a research report on Sunday, October 18th. Weiss Ratings started coverage on shares of Einride in a report on Monday, September 14th. They issued a “sell (e-)” rating for the company. Finally, Canaccord Genuity Group initiated coverage on shares of Einride in a research note on Tuesday, September 15th. They set a “buy” rating and a $8.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Einride presently has an average rating of “Hold” and a consensus target price of $8.00.
Check Out Our Latest Report on ENRD
Einride Stock Performance
Shares of Einride stock traded down $0.08 on Monday, reaching $2.08. 22,814 shares of the company were exchanged, compared to its average volume of 162,430. Einride has a 1-year low of $1.84 and a 1-year high of $34.00. The company has a market cap of $295.78 million, a PE ratio of 6.93 and a beta of 0.61.
About Einride
Einride is a Swedish freight-technology company that develops electric and autonomous transportation solutions for commercial and industrial customers. Its offerings are designed to help companies plan, manage and decarbonize the movement of goods, combining electric heavy-duty vehicles, autonomous trucking technology and digital logistics services.
The company’s platform includes Einride Saga, a digital freight operating system that supports the planning, monitoring and optimization of transportation operations.
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