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Is Hyrecar Inc (NASDAQ:HYRE)’s Fuel Running Low? Reports Show More Sellers

The stock of Hyrecar Inc (NASDAQ:HYRE) registered an increase of 2.3% in short interest. HYRE’s total short interest was 747,800 shares in May as published by FINRA. Its up 2.3% from 731,000 shares, reported previously. With 537,200 shares average volume, it will take short sellers 1 days to cover their HYRE’s short positions. The short interest to Hyrecar Inc’s float is 11.5%.

The stock increased 0.18% or $0.01 during the last trading session, reaching $5.56. About 334,555 shares traded. HyreCar Inc. (NASDAQ:HYRE) has 0.00% since May 1, 2018 and is . It has underperformed by 4.37% the S&P500.

HyreCar Inc. operates a Web-based car-sharing marketplace in the United States. The company has market cap of $67.33 million. The Company’s marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. It currently has negative earnings. The firm has a strategic partnership with DriveItAway and the PassTime to deliver dealer-focused vehicle tracking and inventory management solution.

More notable recent HyreCar Inc. (NASDAQ:HYRE) news were published by: Benzinga.com which released: “HyreCar (NASDAQ:HYRE) Picks Up A New Bull After Sell-Off – Benzinga” on October 24, 2018, also Benzinga.com with their article: “72 Biggest Movers From Yesterday – Benzinga” published on February 08, 2019, Businesswire.com published: “Dealer Partnership Offers Free Credit Repair Services to All Uber and Lyft Drivers in New Jersey and Pennsylvania – Business Wire” on December 11, 2018. More interesting news about HyreCar Inc. (NASDAQ:HYRE) were released by: Seekingalpha.com and their article: “HyreCar: Gross Profit Margin Of 49% And Undervalued At 2.6x Sales – Seeking Alpha” published on February 10, 2019 as well as Seekingalpha.com‘s news article titled: “eXp And The Transformation Of Real Estate – Seeking Alpha” with publication date: April 03, 2019.

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Source: on 2019-04-07 19:26:15

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