Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) Stock Short Interest Report for October

Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) was the recipient of a large drop in short interest in 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 daily trading volume, of 8,790 shares, the short-interest ratio is currently 2.3 days.

Polestar Automotive Holding UK Price Performance

NASDAQ PSNYW traded down $0.02 during midday trading on Tuesday, hitting $3.04. The company had a trading volume of 4,065 shares, compared to its average volume of 101,520. Polestar Automotive Holding UK has a twelve month low of $2.10 and a twelve month high of $9.07. The firm has a 50-day moving average price of $4.16 and a 200-day moving average price of $3.44.

Hedge Funds Weigh In On Polestar Automotive Holding UK

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

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 investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Polestar Automotive Holding UK Company Profile

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.