ADOMANI, Inc. (ADOM) Reaches $2.16 Low on Jan, 14; CARMANAH TECH CORPORATION (CMHXF) Sellers Increased By 1.96% Their Shorts

January 14, 2018 - By Michael Collier

The stock of ADOMANI, Inc. (NASDAQ:ADOM) reached all time low today, Jan, 14 and still has $2.01 target or 7.00% below today’s $2.16 share price. This indicates more downside for the $147.03M company. This technical setup was reported by Barchart.com. If the $2.01 PT is reached, the company will be worth $10.29 million less. The stock decreased 23.94% or $0.68 during the last trading session, reaching $2.16. About 1.63M shares traded or 564.82% up from the average. ADOMANI, Inc. (NASDAQ:ADOM) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

CARMANAH TECH CORPORATION (OTCMKTS:CMHXF) had an increase of 1.96% in short interest. CMHXF’s SI was 5,200 shares in January as released by FINRA. Its up 1.96% from 5,100 shares previously. With 1,900 avg volume, 3 days are for CARMANAH TECH CORPORATION (OTCMKTS:CMHXF)’s short sellers to cover CMHXF’s short positions. The stock increased 1.24% or $0.0444 during the last trading session, reaching $3.6148. About 1,000 shares traded or 10.13% up from the average. Carmanah Technologies Corporation (OTCMKTS:CMHXF) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

ADOMANI, Inc., a development stage company, designs, makes, and installs zero-emission electric drivetrain systems for fleet vehicles. The company has market cap of $147.03 million. The Company’s products would include electric drive shafts, controllers, batteries, and battery management systems that would allow a fleet manager to convert motor vehicles from internal combustion operation to all-electrics or plug-in hybrids. It currently has negative earnings.

Carmanah Technologies Corporation designs, develops, and distributes products focused on energy optimized light emitting diode solutions for infrastructure worldwide. The company has market cap of $71.53 million. It operates in two divisions, Signals and Illumination. It has a 6.95 P/E ratio. The Signals segment provides solar LED flashing beacons, including pedestrian crosswalk signals, school zone flashers, and 24-hr roadway beacons for various roadway applications; a range of marine lighting solutions to coast guards, marine authorities, navies, and ports; and LED aviation lighting solutions, such as approach lightings, apron lightings, and solar and hybrid power systems.

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