REE Automotive Ltd. (NASDAQ:REE) Short Interest Update

REE Automotive Ltd. (NASDAQ:REE) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 400,462 shares, a drop of 21.2% from the November 30th total of 508,306 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 104,817 shares, the days-to-cover ratio is presently 3.8 days. Based on an average daily volume of 104,817 shares, the days-to-cover ratio is presently 3.8 days. Currently, 1.8% of the company’s stock are short sold.

Institutional Investors Weigh In On REE Automotive

A hedge fund recently bought a new stake in REE Automotive stock. Goldman Sachs Group Inc. bought a new position in REE Automotive Ltd. (NASDAQ:REE) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,232 shares of the company’s stock, valued at approximately $48,000. Goldman Sachs Group Inc. owned approximately 0.13% of REE Automotive as of its most recent SEC filing. Institutional investors and hedge funds own 12.74% of the company’s stock.

REE Automotive Price Performance

REE Automotive stock traded up $0.00 during trading hours on Tuesday, hitting $0.80. The company had a trading volume of 402,808 shares, compared to its average volume of 242,234. REE Automotive has a fifty-two week low of $0.53 and a fifty-two week high of $10.24. The firm has a market capitalization of $17.83 million, a P/E ratio of -0.11 and a beta of 2.73. The firm’s fifty day moving average is $0.86 and its 200-day moving average is $0.78.

About REE Automotive

REE Automotive Ltd. (NASDAQ:REE) is an Israel-based technology company specializing in the design and engineering of fully modular electric vehicle (EV) platforms. Founded in 2011 as a research initiative at the Technion – Israel Institute of Technology, REE Automotive has developed its core offering—the REEcorner—which integrates steering, braking, suspension and powertrain components into a compact unit housed within the wheel arch. This architecture enables manufacturers and fleet operators to pair a flat “skateboard” chassis with a variety of bespoke vehicle bodies, streamlining development cycles and reducing production complexity.

At the heart of REE’s product portfolio is the REEboard platform, a highly scalable EV architecture designed for commercial applications such as last-mile delivery vans, urban shuttles and light-duty trucks.