Adomani Inc (NASDAQ:ADOM) Reports Increase in Sellers; Strong Momentum for Short Players

June 16, 2018 - By Marie Mckinney

The stock of Adomani Inc (NASDAQ:ADOM) registered an increase of 8.92% in short interest. ADOM’s total short interest was 163,600 shares in June as published by FINRA. Its up 8.92% from 150,200 shares, reported previously. With 123,300 shares average volume, it will take short sellers 1 days to cover their ADOM’s short positions. The short interest to Adomani Inc’s float is 0.45%.

The stock decreased 0.82% or $0.01 during the last trading session, reaching $1.21. About 525,236 shares traded. ADOMANI, Inc. (NASDAQ:ADOM) has 0.00% since June 16, 2017 and is . It has underperformed by 12.57% the S&P500.

ADOMANI, Inc., a development stage company, designs, makes, and installs zero-emission electric drivetrain systems for fleet vehicles. The company has market cap of $86.80 million. The Company’s products would include electric drive shafts, controllers, batteries, and battery management systems that would allow a fleet manager to convert motor vehicles from internal combustion operation to all-electrics or plug-in hybrids. It currently has negative earnings.

More news for ADOMANI, Inc. (NASDAQ:ADOM) were recently published by: Nasdaq.com, which released: “Mid-Day Market Update: Dycom Industries Falls On Q3 Miss; America’s Car-Mart Shares Gain” on May 22, 2018. Nasdaq.com‘s article titled: “Adomani Inc (ADOM) Shares Continue to Soar on Electric School Bus News” and published on May 22, 2018 is yet another important article.

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