Peering Into Nikola's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nikola's (NYSE:NKLA) short interest has risen by 7.3%, with 230.69 million shares sold short, representing 17.04% of its float. This is significantly higher than its peers' average short interest of 4.10%. The increase in short interest could indicate bearish sentiment among investors.
May 20, 2024 | 4:00 pm
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Nikola's short interest has increased by 7.3%, with 230.69 million shares sold short, representing 17.04% of its float. This is significantly higher than its peers' average short interest of 4.10%. The increase in short interest could indicate bearish sentiment among investors.
The significant increase in short interest suggests that investors are becoming more bearish on Nikola. This could lead to downward pressure on the stock price in the short term as more investors bet against the company.
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