Rocket Lab USA, Inc. (RKLB) is experiencing a slight decline in its stock price today, potentially influenced by a recent increase in short interest. As of December 15, 2024, the short interest in Rocket Lab rose by 3.04% to 50.78 million shares, representing 13.83% of the float. This increase in short interest may be contributing to bearish sentiment among investors. Additionally, discussions on Reddit suggest a pattern of volatility around the New Year, with one user noting, "it pops every new years because of rocket sales and drops afterwards," indicating a possible seasonal trend affecting the stock.
Despite the lack of significant news events today, Rocket Lab's stock is trading at $26.30, down slightly by 0.06% from the previous close of $26.32. The stock opened at $26.50 and has fluctuated between a high of $26.65 and a low of $25.51. Despite being early in the trading day, the volume is notably low at 2,780,495 shares, representing just 13.75% of the average daily volume of 20,227,939 shares.