What's Going On With Mullen Automotive Stock?
Portfolio Pulse from Erica Kollmann
Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher, recovering from a 15% loss over the past few days. The company announced that the Nasdaq Hearings Panel had granted Mullen's request to continue its listing on the Nasdaq Capital Market, subject to certain conditions. MULN shares have attracted attention from retail investors and short-sellers, with 16.39% of available MULN shares being sold short. The shares are up 15% at 29 cents at the time of publication.
October 31, 2023 | 5:09 pm
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Mullen Automotive's stock is recovering from recent losses, trading higher after the company's request to continue its listing on the Nasdaq Capital Market was granted. The stock has attracted attention from both retail investors and short-sellers.
The news of Nasdaq granting Mullen's request to continue its listing is positive for the company, which could explain the recovery in the stock price. The attention from retail investors and short-sellers indicates high interest in the stock, which could lead to increased trading volume and price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100