Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) Sees Large Increase in Short Interest

Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,450,000 shares, a growth of 62,943.5% from the August 15th total of 2,300 shares. Based on an average daily trading volume, of 3,280,000 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 3,280,000 shares, the days-to-cover ratio is currently 0.4 days.

Polestar Automotive Holding UK Stock Performance

Shares of PSNYW opened at $0.32 on Friday. The company has a 50-day simple moving average of $0.20 and a two-hundred day simple moving average of $0.18. Polestar Automotive Holding UK has a one year low of $0.12 and a one year high of $0.80.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.