Looking Into Nikola's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nikola's (NYSE:NKLA) short interest has risen by 8.4%, with 19.74% of its float sold short. This is significantly higher than its peers' average of 4.73%. It would take traders 3.66 days to cover their short positions.
June 25, 2024 | 2:00 pm
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Nikola's short interest has increased by 8.4%, with 19.74% of its float sold short. This is significantly higher than its peers' average of 4.73%.
The significant increase in short interest suggests that investors are bearish on Nikola's stock. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100