Looking Into Mullen Automotive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mullen Automotive's short interest has decreased by 20.55%, with 4.53 million shares sold short, representing 19.41% of the float. This is higher than the peer average of 6.74%. The decrease in short interest may indicate a shift in market sentiment.
September 06, 2024 | 2:45 pm
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Mullen Automotive's short interest has decreased by 20.55%, with 4.53 million shares sold short, representing 19.41% of the float. This is higher than the peer average of 6.74%. The decrease in short interest may indicate a shift in market sentiment.
The decrease in short interest by 20.55% suggests a potential shift in market sentiment towards Mullen Automotive, as fewer investors are betting against the stock. This could be seen as a bullish indicator, especially since the short interest remains significantly higher than the peer average, indicating that the stock is still under scrutiny.
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