Faraday Future Intelligent Electric Inc. ( NASDAQ:FFIE – Get Rating ) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 161,280,000 shares, an increase of 13.2% from the April 30th total of 142,530,000 shares. Currently, 30.3% of the shares of the stock are sold short. Based on an average daily volume of 62,170,000 shares, the days-to-cover ratio is currently 2.6 days. Institutional Investors Weigh In On Faraday Future Intelligent Electric A number of large investors have recently added to or reduced their stakes in the business.

https://www.dailypolitical.com/2023/05/29/faraday-future-intelligent-electric-inc-nasdaqffie-short-interest-up-13-2-in-may.html

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