Peering Into Mullen Automotive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mullen Automotive's (NYSE:MULN) short interest has decreased by 3.31%, now representing 24.21% of its float with 1.35 million shares sold short. It would take about 2.47 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards MULN, potentially signaling increased bullishness among investors. MULN's short interest is significantly higher than its peer group average of 10.22%, suggesting more bearish sentiment compared to its peers.
May 08, 2024 | 1:00 pm
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Mullen Automotive's short interest has decreased, indicating a potential shift towards more bullish sentiment among investors. This could influence the stock's short-term performance positively.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For MULN, this decrease might reduce selling pressure and potentially lead to a short-term price increase, especially considering its high short interest compared to peers.
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