Element Fleet Management Corp. (OTCMKTS:ELEEF) Sees Significant Increase in Short Interest

Element Fleet Management Corp. (OTCMKTS:ELEEF) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 2,254,800 shares, a growth of 12.5% from the May 15th total of 2,005,000 shares. Based on an average daily trading volume, of 52,100 shares, the days-to-cover ratio is presently 43.3 days.

Element Fleet Management Stock Performance

Shares of Element Fleet Management stock traded down $0.38 on Monday, reaching $17.35. 168 shares of the stock were exchanged, compared to its average volume of 30,603. The firm’s 50 day moving average is $16.90 and its 200-day moving average is $16.62. Element Fleet Management has a one year low of $13.51 and a one year high of $18.23.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.