What's Going On With Nikola Corporation Stock Today?
Portfolio Pulse from Erica Kollmann
Nikola Corporation's stock is down despite recent announcements including the expansion of its dealer and service network into Canada, the appointment of a new COO, and the upcoming launch of its new FCEVs. The stock has been volatile in September, gaining over 70% in the last five days. There is significant short interest in Nikola stock with 18.5% of available shares being sold short.
September 20, 2023 | 4:31 pm
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Nikola Corporation's stock is down despite recent positive developments. The stock has been volatile and there is significant short interest.
Despite recent positive developments such as the expansion into Canada, the appointment of a new COO, and the upcoming launch of new FCEVs, Nikola Corporation's stock is down. This could be due to the high volatility of the stock and the significant short interest. The stock has gained over 70% in the last five days, which could also be contributing to the current downward trend as investors may be taking profits.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100