Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are trading higher Monday as the retail-fueled rally in heavily-shorted stocks returns.
What To Know:
Faraday Future's stock ran up more than 8000% last week and reached an intraday high of $3.90 Friday before reversing to close in the red for the session.
Retail traders appear to be back in the Faraday Future trade Monday with more than 350 million shares already traded in the session. According to data from Benzinga Pro, 85.71% of Faraday Future shares are being sold short.
Faraday Future announced it will host a conference call to discuss its fourth-quarter and full-year 2023 results after market close ...