Shorts have not yet covered for Faraday Future Intelligent Electric Inc. (FFIE). The stock has recently experienced significant upward movement, largely due to high short interest and the potential for a short squeeze. As of recent data, about 95% of FFIE's float is being shorted, making it a prime candidate for a short squeeze (InvestorPlace) (InvestorPlace). Additionally, the off-exchange short volume remains substantial, indicating ongoing shorting activity (Fintel - Financial Intelligence).
The dramatic price increase in FFIE stock has been influenced by a resurgence in meme stock trading, led by social media influencers. Despite the recent gains, it appears the short positions are still largely in place, suggesting that the short squeeze potential is still in play. 🚀🚀🚀🚀🚀💎💎💎💎💎💎💎🚀🚀🚀🚀🚀🚀🚀💎💎💎💎
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