Embark Technology, Inc. (NASDAQ:EMBKW – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 4,500 shares, an increase of 21.6% from the December 15th total of 3,700 shares. Based on an average daily volume of 72,200 shares, the days-to-cover ratio is presently 0.1 days.

Embark Technology Price Performance

Shares of EMBKW remained flat at $0.03 during trading hours on Friday. The stock had a trading volume of 19,525 shares, compared to its average volume of 85,579. The company's 50-day moving average is $0.03 and its two-hundred day moving average is $0.06. Embark Technology has a 12-month low of $0.01 and a 12-month high of $1.33.

Hedge Funds Weigh In On Embark Technology

A hedge fund recently raised its stake in Embark Technology stock. Walleye Capital LLC boosted 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 fund 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 at the end of the most recent quarter.

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