Nikola Stock Powered Up: What's Going On?
Portfolio Pulse from Erica Kollmann
Shares of Nikola Corporation (NASDAQ:NKLA) are trading higher on Tuesday, with an increase of over 110% in the last month. The stock is up 8% with nearly double its average trading volume. NKLA is popular among retail investors and is currently trending on Yahoo! Finance. It also has the attention of short sellers, with 19.15% of available shares being sold short.
July 18, 2023 | 4:29 pm
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Nikola Corporation's stock is trading higher, with an increase of over 110% in the last month. The stock is up 8% today with nearly double its average trading volume. It is popular among retail investors and has the attention of short sellers.
The stock is trading higher due to increased interest from retail investors and short sellers. The high trading volume indicates strong investor interest, which can drive the price up. However, the high short interest could also indicate potential downside risk if the short sellers are correct.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100