Embark Technology, Inc. (NASDAQ:EMBKW – Get Rating) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 3,700 shares, a decrease of 33.9% from the November 30th total of 5,600 shares. Based on an average daily volume of 91,000 shares, the days-to-cover ratio is presently 0.0 days.

Embark Technology Stock Performance

Embark Technology stock remained flat at $0.02 during mid-day trading on Friday. 251,661 shares of the company's stock were exchanged, compared to its average volume of 66,160. Embark Technology has a twelve month low of $0.01 and a twelve month high of $2.33. The company has a fifty day moving average price of $0.03 and a two-hundred day moving average price of $0.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Embark Technology stock. Walleye Capital LLC raised its stake in shares of Embark Technology, Inc. (NASDAQ:EMBKW – Get Rating) by 108.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,016 shares of the company's stock after purchasing an additional 154,342 shares during the quarter. Walleye Capital LLC's holdings in Embark Technology were worth $339,000 at the end of the most recent reporting period.

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