Is Buying Arcimoto Inc (NASDAQ:FUV) Here Good Idea?

The stock of Arcimoto Inc (NASDAQ:FUV) registered an increase of 2.48% in short interest. FUV’s total short interest was 107,600 shares in August as published by FINRA. Its up 2.48% from 105,000 shares, reported previously. With 54,800 shares average volume, it will take short sellers 2 days to cover their FUV’s short positions. The short interest to Arcimoto Inc’s float is 1.48%.

The stock increased 4.73% or $0.13 during the last trading session, reaching $2.88. About 20,217 shares traded. Arcimoto, Inc. (NASDAQ:FUV) has declined 18.55% since August 15, 2018 and is downtrending. It has underperformed by 18.55% the S&P500.

Arcimoto, Inc. develops and builds a pilot fleet of three-wheeled electric vehicles. The company has market cap of $47.08 million. The firm was formerly known as WTP Inc and changed its name to Arcimoto, Inc. in December 2011. It currently has negative earnings.

More notable recent Arcimoto, Inc. (NASDAQ:FUV) news were published by: Businesswire.com which released: “Arcimoto, Inc. Secures $4.5 Million Financing to Initiate Production of Ultra Efficient Electric Vehicle – Business Wire” on December 27, 2018, also Forbes.com with their article: “Arcimoto Is Using Reg A+ To Launch Its ‘FUV’ (Fun Utility Vehicle) – Forbes Now” published on September 12, 2017, Benzinga.com published: “What Is Electra Meccanica Vehicles And Why Is Its Stock Up 100%? – Benzinga” on October 29, 2018. More interesting news about Arcimoto, Inc. (NASDAQ:FUV) were released by: Seekingalpha.com and their article: “Arcimoto – Stock Price Soars 83% As Retail Production Nears – Seeking Alpha” published on June 20, 2018 as well as Finance.Yahoo.com‘s news article titled: “Investors Who Bought Arcimoto (NASDAQ:FUV) Shares A Year Ago Are Now Down 25% – Yahoo Finance” with publication date: July 19, 2019.

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