Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) Shares Shorted: Short Interest Down 61.7% in September

Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 33,595 shares, a drop of 61.7% from the August 31st total of 87,817 shares. Based on an average daily volume of 397,397 shares, the short-interest ratio is presently 0.1 days.

Polestar Automotive Holding UK Trading Up 1.6%

Shares of Polestar Automotive Holding UK stock traded up $0.07 during trading on Tuesday, reaching $4.08. The company’s stock had a trading volume of 5,790 shares, compared to its average volume of 113,336. Polestar Automotive Holding UK has a 52 week low of $2.10 and a 52 week high of $14.49. The business’s 50-day moving average price is $3.67 and its 200-day moving average price is $3.45.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC is the parent company of Polestar, a Swedish premium electric-vehicle manufacturer. Established as a standalone electric-vehicle brand in 2017, Polestar originated from a performance-car partnership associated with Volvo Cars and Geely. The company focuses on combining Scandinavian design, electric powertrains, digital technology and sustainability in its vehicles.

Polestar’s product portfolio includes the Polestar 2 fastback, the Polestar 3 electric performance SUV and the Polestar 4 electric SUV coupe.