Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) Shares Shorted: Short Interest Down 34.9% in October

Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 20,171 shares, a drop of 34.9% from the September 30th total of 30,971 shares. Based on an average trading volume of 8,790 shares, the days-to-cover ratio is presently 2.3 days.

Analysts Set New Price Targets

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

Polestar Automotive Holding UK Stock Performance

NASDAQ:PSNYW opened at $3.06 on Monday. The firm’s fifty day simple moving average is $4.15 and its 200 day simple moving average is $3.44. Polestar Automotive Holding UK has a twelve month low of $2.10 and a twelve month high of $9.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Polestar Automotive Holding UK stock. GAMMA Investing LLC bought a new position in Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,418 shares of the company’s stock, valued at approximately $32,000.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC is an electric vehicle company that develops, manufactures, and sells premium battery-powered cars. The company operates under the Polestar brand and focuses on combining Scandinavian design, advanced technology, and sustainability in its vehicles and related services.

Polestar’s product lineup has included the Polestar 2 fastback, the Polestar 3 electric SUV, and the Polestar 4 electric performance SUV coupe. The company is also developing additional models, including the Polestar 5 four-door electric grand tourer and Polestar 6 electric roadster.