Faraday Future's stock surged 8,000% in a short-squeeze rally, with 85.71% shorted shares and 50% gain in 2023.
Faraday Future's (NASDAQ:FFIE) stock soared over 8,000% last week, driven by a retail-fueled rally in heavily-shorted stocks. With 85.71% of its shares being sold short, the stock has seen high-volume trading and gained over 50% in 2023, surpassing Tesla's performance. Faraday Future will host a conference call to discuss its fourth-quarter and full-year 2023 results on May 28 at 8:00 p.m. ET.
May 20, 2024
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