Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) Short Interest Update

Polestar Automotive Holding UK PLC (NASDAQ:PSNYW) was the recipient of a large drop in short interest during the month of 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 days-to-cover ratio is currently 0.1 days.

Polestar Automotive Holding UK Stock Down 3.0%

Polestar Automotive Holding UK stock traded down $0.12 during trading on Monday, hitting $4.08. The company had a trading volume of 18,835 shares, compared to its average volume of 113,931. Polestar Automotive Holding UK has a 1-year low of $2.10 and a 1-year high of $14.49. The company’s 50 day simple moving average is $3.66 and its 200-day simple moving average is $3.45.

Wall Street Analysts Forecast Growth

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