Tritium DCFC Stock to Reverse Split on Tuesday, April 2nd (NASDAQ:DCFC)

Tritium DCFC Limited (NASDAQ:DCFC) shares are set to reverse split on the morning of Tuesday, April 2nd. The 1-200 reverse split was announced on Tuesday, April 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 2nd.

Tritium DCFC Price Performance

Shares of DCFC remained flat at $0.06 during mid-day trading on Monday. 2,211,324 shares of the company traded hands, compared to its average volume of 4,534,481. Tritium DCFC has a 52-week low of $0.06 and a 52-week high of $1.52. The firm’s fifty day simple moving average is $0.11 and its 200 day simple moving average is $0.22.

Hedge Funds Weigh In On Tritium DCFC

A number of hedge funds have recently made changes to their positions in DCFC. FNY Investment Advisers LLC raised its holdings in shares of Tritium DCFC by 7.8% in the 4th quarter. FNY Investment Advisers LLC now owns 1,105,000 shares of the company’s stock valued at $243,000 after purchasing an additional 79,700 shares in the last quarter. Bowman & Co S.C. boosted its holdings in shares of Tritium DCFC by 105.7% in the fourth quarter. Bowman & Co S.C. now owns 265,283 shares of the company’s stock valued at $58,000 after acquiring an additional 136,304 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Tritium DCFC by 34.9% in the second quarter. Wells Fargo & Company MN now owns 58,000 shares of the company’s stock valued at $63,000 after acquiring an additional 15,000 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Tritium DCFC in the second quarter valued at about $36,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Tritium DCFC by 18.4% during the second quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,582,719 shares of the company’s stock worth $1,725,000 after buying an additional 245,938 shares in the last quarter. Hedge funds and other institutional investors own 8.27% of the company’s stock.

Tritium DCFC Company Profile

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.