Embark Technology, Inc. (NASDAQ:EMBKW) Sees Significant Decrease in Short Interest

Embark Technology, Inc. (NASDAQ:EMBKW – Get Rating) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 3,400 shares, a drop of 50.0% from the May 15th total of 6,800 shares. Based on an average daily volume of 43,700 shares, the short-interest ratio is presently 0.1 days.

A hedge fund recently raised its stake in Embark Technology stock. Walleye Capital LLC increased its stake in Embark Technology, Inc. (NASDAQ:EMBKW – Get Rating) by 108.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 297,016 shares of the company’s stock after acquiring an additional 154,342 shares during the period. Walleye Capital LLC’s holdings in Embark Technology were worth $339,000 as of its most recent SEC filing.

Embark Technology stock opened at $0.13 on Friday. Embark Technology has a 12-month low of $0.12 and a 12-month high of $2.40.

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