Short Interest in Faraday Future Stock Falls Below 3%
The company currently has plenty of strikes against it. Indeed, Faraday is dealing with the ongoing threat of losing its spot on the Nasdaq. Last week, the company withdrew its production outlook after a disappointing earnings report. But its financial problems will also likely make investors nervous. As InvestorPlace contributor Josh Enomoto reports:“In a Form 10-K disclosure, the companyissued a going concern risk. Further, management may move to seek bankruptcy protection unless it’s able to