Electric-vehicle startups see weekly gains after blistering rally,(Reuters) -U.S. electric-vehicle startups saw massive weekly gains on Friday after a searing rally in their shares over the past few sessions nearly doubled the value of companies such as Nikola. The surge in EV stocks has come without any apparent news or catalyst for the companies, leading several analysts and traders to point to a potential squeeze in the highly shorted stocks. For instance Lordstown Motors has a short interest of 16.5%, according to S3 Partners.
Electric-vehicle startups see weekly gains after blistering rally
(Reuters) -U.S. electric-vehicle startups saw massive weekly gains on Friday after a searing rally in their shares over the past few sessions nearly doubled the value of companies such as Nikola. The surge in EV stocks has come without any apparent news or catalyst for the companies, leading several analysts and traders to point to a potential squeeze in the highly shorted stocks. For instance Lordstown Motors has a short interest of 16.5%, according to S3 Partners.
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