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

Embark Technology, Inc. (NASDAQ:EMBKW – Get Rating) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 6,800 shares, an increase of 58.1% from the April 30th total of 4,300 shares. Based on an average daily trading volume, of 48,500 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of EMBKW stock opened at $0.34 on Friday. Embark Technology has a 52-week low of $0.21 and a 52-week high of $2.40.

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