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 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 daily trading volume, of 8,790 shares, the short-interest ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

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

Polestar Automotive Holding UK Trading Up 2.7%

NASDAQ PSNYW opened at $3.14 on Wednesday. The business’s 50 day moving average is $4.16 and its two-hundred day moving average is $3.43. Polestar Automotive Holding UK has a 12-month low of $2.10 and a 12-month high of $9.07.

Institutional Investors Weigh In On Polestar Automotive Holding UK

An institutional investor recently bought a new stake in Polestar Automotive Holding UK stock. GAMMA Investing LLC purchased a new position in shares of 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 purchased 7,418 shares of the company’s stock, valued at approximately $32,000.

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.