Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 2,053 shares, a decline of 45.0% from the May 31st total of 3,731 shares. Based on an average daily volume of 9,062 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Polestar Automotive Holding UK stock. Boothbay Fund Management LLC acquired a new stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,000 shares of the company’s stock, valued at approximately $510,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded Polestar Automotive Holding UK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Polestar Automotive Holding UK has an average rating of “Sell”.
Polestar Automotive Holding UK Stock Performance
Polestar Automotive Holding UK stock traded down $0.10 during mid-day trading on Wednesday, hitting $2.41. The company had a trading volume of 1,525 shares, compared to its average volume of 7,716. Polestar Automotive Holding UK has a 1 year low of $2.10 and a 1 year high of $24.00. The business has a fifty day moving average of $2.96 and a 200 day moving average of $3.72.
Polestar Automotive Holding UK Company Profile
Polestar Automotive Holding UK plc is a special-purpose acquisition company (SPAC) incorporated in the United Kingdom with the primary objective of effecting a business combination, share exchange, asset acquisition or similar merger transaction with one or more businesses in the automotive sector. The company’s management team, supported by affiliates of The Gores Group and Guggenheim Partners, completed its initial public offering in mid-2021 and its units trade on the Nasdaq under the symbol PSNYW.
The SPAC was specifically formed to combine with Polestar Performance AB, the electric performance carmaker backed by Volvo Cars and Zhejiang Geely Holding Group.
Featured Articles
- Five stocks we like better than Polestar Automotive Holding UK
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Polestar Automotive Holding UK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polestar Automotive Holding UK and related companies with MarketBeat.com's FREE daily email newsletter.
