Peering Into Canoo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Canoo's (NYSE:GOEV) short interest has fallen by 9.19%, with 14.00 million shares sold short, representing 23.51% of its float. This decline in short interest could indicate a shift in market sentiment. Canoo's short interest is higher than its peers, whose average is 9.69%.
June 10, 2024 | 1:30 pm
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Canoo's short interest has decreased by 9.19%, now at 23.51% of its float. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Canoo, which could be interpreted as a positive signal for the stock. This shift in sentiment might lead to a short-term price increase.
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