HYZN - Hyzon Motors bounces off 52-week low

The volatile trading on Hyzon Motors Inc. ( NASDAQ: HYZN ) continued on Tuesday with shares shooting up 13.61% in mid-afternoon action to $2.17 The electric vehicle stock bounced off what was an all-time low of $1.87 on Monday.

The company has seen some turmoil in August, with a delayed earnings report, operational problems, and a new CEO being named all dragging on sentiment.

Short interest on Hyzon ( HYZN ) is over 20% of total float to add to the volatility.

Earlier in the month, JPMorgan turned bearish on Hyzon Motors ( HYZN ) with a two-notch downgrade to Underweight from Overweight. The analyst team pointed to subpar internal controls, operational inefficiencies, and the loss of early mover advantage.

The Seeking Alpha Quant Rating was flashing Strong Sell on HYZN as early as late December of last year when shares were 300% higher.

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