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Warberg Asset Management LLC Reduces Stake in Vicinity Motor Corp. (NASDAQ:VEV)

Financial News Live ·  01/25 23:18

Warberg Asset Management LLC decreased its stake in shares of Vicinity Motor Corp. (NASDAQ:VEV – Get Rating) by 50.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,157 shares of the company's stock after selling 27,911 shares during the period. Warberg Asset Management LLC's holdings in Vicinity Motor were worth $27,000 as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. raised its holdings in shares of Vicinity Motor by 40.5% in the 1st quarter. JPMorgan Chase & Co. now owns 113,700 shares of the company's stock valued at $273,000 after acquiring an additional 32,800 shares in the last quarter. 1.10% of the stock is owned by institutional investors and hedge funds.

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Vicinity Motor Stock Up 0.1 %

NASDAQ:VEV opened at $0.91 on Wednesday. The business's 50-day moving average price is $0.92 and its two-hundred day moving average price is $1.12. Vicinity Motor Corp. has a twelve month low of $0.75 and a twelve month high of $4.29.

Vicinity Motor (NASDAQ:VEV – Get Rating) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.19) earnings per share for the quarter. Vicinity Motor had a negative net margin of 100.71% and a negative return on equity of 49.26%. The business had revenue of $1.52 million during the quarter.

Vicinity Motor Profile

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Vicinity Motor Corp. engages in the provision of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use. It operates through the United States and Canada geographical segments. The company was founded by William Trainer in 2008 and is headquartered in Aldergrove, Canada.

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