Tritium DCFC Limited (NASDAQ:DCFC) Short Interest Down 7.6% in March

Tritium DCFC Limited (NASDAQ:DCFC - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,820,000 shares, a drop of 7.6% from the February 29th total of 1,970,000 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 4,240,000 shares, the short-interest ratio is currently 0.4 days.

Tritium DCFC Trading Up 15,247.9 %

Shares of Tritium DCFC stock traded up $7.67 during midday trading on Tuesday, hitting $7.72. The company had a trading volume of 73,201 shares, compared to its average volume of 23,489. The business's 50 day simple moving average is $21.10 and its two-hundred day simple moving average is $39.73. Tritium DCFC has a 1-year low of $7.56 and a 1-year high of $304.00.

Institutional Investors Weigh In On Tritium DCFC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. acquired a new stake in shares of Tritium DCFC in the first quarter worth $30,000. Penserra Capital Management LLC acquired a new stake in Tritium DCFC during the first quarter worth $89,000. Toroso Investments LLC acquired a new stake in Tritium DCFC during the third quarter worth $32,000. Millennium Management LLC acquired a new stake in Tritium DCFC during the second quarter worth $111,000. Finally, Engineers Gate Manager LP acquired a new stake in Tritium DCFC during the fourth quarter worth $31,000. Institutional investors and hedge funds own 8.27% of the company's stock.

About Tritium DCFC

Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in Australia and internationally. The company's charging station hardware portfolio includes various standalone chargers and distributed chargers. Its service and maintenance portfolio includes warranties, service level agreements, and sales of spare parts.

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