Why MicroVision Stock Is Moving Lower After Hours
Portfolio Pulse from Adam Eckert
MicroVision Inc (NASDAQ:MVIS) filed for a mixed shelf offering, which may include common stock, preferred stock, and warrants. The size of the offering was not disclosed. The stock has been up more than 120% over the last month, with high short interest of 27.07%.
June 13, 2023 | 8:45 pm
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MicroVision filed for a mixed shelf offering, causing the stock to trade lower in after-hours. The stock has been up more than 120% over the last month, with high short interest of 27.07%.
The mixed shelf offering announcement has caused the stock to trade lower in after-hours. The high short interest of 27.07% indicates that many investors are betting against the stock, which could lead to increased volatility and downward pressure on the stock price in the short term.
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