Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 33,913 shares, a growth of 1,041.1% from the July 15th total of 2,972 shares. Based on an average daily trading volume, of 311,261 shares, the short-interest ratio is presently 0.1 days.
Polestar Automotive Holding UK Price Performance
Shares of NASDAQ:PSNYW traded up $0.23 during trading on Tuesday, reaching $2.80. 60,427 shares of the stock were exchanged, compared to its average volume of 35,818. Polestar Automotive Holding UK has a 1-year low of $2.10 and a 1-year high of $24.00. The stock has a fifty day moving average of $2.59 and a two-hundred day moving average of $3.20.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of Polestar Automotive Holding UK from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Polestar Automotive Holding UK stock. Boothbay Fund Management LLC bought a new position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 80,000 shares of the company’s stock, valued at approximately $510,000.
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 Stories
- Five stocks we like better than Polestar Automotive Holding UK
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
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.
