Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Get Free Report) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 7,412 shares, an increase of 20.0% from the February 12th total of 6,176 shares. Based on an average daily trading volume, of 5,312 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 5,312 shares, the short-interest ratio is currently 1.4 days.
Polestar Automotive Holding UK Stock Up 0.4%
Shares of NASDAQ PSNYW traded up $0.02 during mid-day trading on Monday, reaching $3.88. The company had a trading volume of 1,566 shares, compared to its average volume of 8,547. The business’s 50-day simple moving average is $3.47 and its 200 day simple moving average is $6.02. Polestar Automotive Holding UK has a one year low of $2.33 and a one year high of $24.00.
Institutional Trading of Polestar Automotive Holding UK
An institutional investor recently bought a new position in Polestar Automotive Holding UK stock. Boothbay Fund Management LLC acquired a new stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNYW – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.
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