Dropcar Inc (NASDAQ:DCAR) Short Interest Down 17.2% in January
Dropcar Inc (NASDAQ:DCAR) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 218,900 shares, a decline of 17.2% from the January 15th total of 264,300 shares. Currently, 6.6% of the company’s shares are short sold. Based on an average daily volume of 269,800 shares, the days-to-cover ratio is currently 0.8 days.
Separately, ValuEngine upgraded Dropcar from a “hold” rating to a “buy” rating in a report on Thursday, January 16th.
DCAR stock traded up $0.06 during mid-day trading on Friday, reaching $0.82. The company’s stock had a trading volume of 256,800 shares, compared to its average volume of 112,877. The company has a market cap of $3.09 million, a price-to-earnings ratio of -0.15 and a beta of 2.95. The business’s 50 day moving average price is $0.86 and its 200 day moving average price is $0.75. Dropcar has a 12 month low of $0.51 and a 12 month high of $6.36.
DropCar, Inc provides app-based automotive logistics and mobility services for consumers and the automotive industry. The company offers Vehicle Support Platform, a cloud-based platform and mobile app that help consumers and automotive-related companies in reducing the cost, hassles, and inefficiencies of owning a car or fleet of cars in urban centers.
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