Major financial institutions have been feeling bearish about Workhorse Group (NASDAQ: WKHS) on a large scale, and short-squeezing Reddit investors are relishing the opportunity this has presented.
In this article, you can find all of the information you need to know before investing in Workhorse Group stock. We take you through the origins of the company, its current purpose and business model, and its potential market performance in the coming years.
If you want to cut to the chase and buy shares in WKHS immediately, scroll down to the next paragraph to see our list of the two best places to buy Workhorse Group shares in the UK and elsewhere.
How & where to buy Workhorse Group stock online
If you want to buy Workhorse Group stock quickly, easily, and with minimal fees, choose an online stockbroker, sign up, deposit funds and purchase shares.
To make your life a little easier, we have listed our analysts’ selection of the two best platforms to buy, sell and trade WKHS shares below:
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What is Workhorse Group?
It is an American manufacturing company that aims to manufacture electric-powered delivery and utility vehicles. Based in Cincinnati, Ohio, and founded in 1998, it has around 100 employees and 2 locations across North America.
Many major institutions have expressed doubts surrounding the company’s business model and path to monetisation, and as a consequence, they have opened large short positions against the company.
This has created the opportunity for a short squeeze, where massive buying pressure on a stock drives its value up as short investors have to cut their losses and buy shares for increasingly elevated prices.
Should I buy WKHS stock?
If you want to invest in a company based on market sentiment alone, and you don’t mind taking a gamble and exposing yourself to enhanced risk, then WKHS could be a stock to generate large, short-term rewards.
However, if you are looking for something more sustainable and reliable, you would be better off looking elsewhere. Right now, the fundamentals have gone out of the window, and the market could quickly topple WKHS as quickly as it caused its ascent.