Investor Confidence Is Shaken After Vicinity Motor Corp (NASDAQ: VEV) Share Prices Dropped By -$0.18

Vicinity Motor Corp (NASDAQ:VEV) has a beta value of 0.95 and has seen 13.07 million shares traded in the last trading session. The company, currently valued at $5.83M, closed the last trade at $0.12 per share which meant it lost -$0.18 on the day or -61.79% during that session. The VEV stock price is -925.0% off its 52-week high price of $1.23 and -125.0% below the 52-week low of $0.27. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.53 million shares traded. The 3-month trading volume is 2.09 million shares.

Vicinity Motor Corp (NASDAQ:VEV) trade information

Sporting -61.79% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the VEV stock price touched $0.12 or saw a rise of 66.67%. Year-to-date, Vicinity Motor Corp shares have moved -85.90%, while the 5-day performance has seen it change -69.17%. Over the past 30 days, the shares of Vicinity Motor Corp (NASDAQ:VEV) have changed -64.02%. Short interest in the company has seen 1.78 million shares shorted with days to cover at 0.28.

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Vicinity Motor Corp (NASDAQ:VEV)’s Major holders

Insiders own 9.21% of the company shares, while shares held by institutions stand at 0.39% with a share float percentage of 0.43%. Investors are also buoyed by the number of investors in a company, with Vicinity Motor Corp having a total of 12.0 institutions that hold shares in the company. The top two institutional holders are GEODE CAPITAL MANAGEMENT, LLC with over 64732.0 shares worth more than $49131.0. As of 2024-03-31, GEODE CAPITAL MANAGEMENT, LLC held 0.1417% of shares outstanding.

The other major institutional holder is FEDERATION DES CAISSES DESJARDINS DU QUEBEC, with the holding of over 46158.0 shares as of 2024-03-31. The firm’s total holdings are worth over $45696.0 and represent 0.1011% of shares outstanding.