Looking Into Mullen Automotive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mullen Automotive's (NYSE:MULN) short interest has decreased by 27.64% since the last report, with 930 thousand shares sold short, representing 16.7% of its float. This decrease in short interest could indicate a more bullish sentiment towards MULN among traders. The company's short interest is higher than its peer group average of 10.18%, suggesting more skepticism towards MULN compared to its peers.
March 29, 2024 | 2:00 pm
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Mullen Automotive's short interest has significantly decreased, which could indicate a more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that MULN's short interest has decreased more than the peer average, this could be a positive signal for its short-term price movement. However, the high level of short interest relative to peers also indicates a degree of skepticism, which investors should consider.
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