Faraday Future Intelligent Electric Inc. (FFIE) is seeing a positive movement today, partly due to the announcement that entrepreneur and community leader Luke Hans has taken delivery of his new FF 91 2.0 Futurist Alliance. This development is generating interest among investors, as it highlights the company's ongoing efforts to deliver its flagship electric vehicle model, potentially boosting confidence in its production capabilities.
On Reddit, discussions are focusing on the technical aspects of FFIE's stock, with users noting the high short interest, which has reportedly grown beyond 40%. One user pointed out, "Over 4 Million of today's volume was short-only volume, reflecting the illiquidity of FFIE at this interesting time." The conversation also highlights the presence of substantial fail-to-deliver (FTD) positions that are due for settlement, which could further impact the stock's dynamics. Another user expressed interest, stating, "FTD that are falling due is a JUICY sign. Okay I'm interested," indicating a potential squeeze scenario that could be attracting speculative trading.
The current price of FFIE is $1.47, up 2.45% from the previous close of $1.43. The stock opened at $1.46 and has reached a high of $1.55 and a low of $1.45 so far today. Despite being just 30 minutes into the trading day, the stock has already seen a volume of 2,918,322 shares, representing 19.06% of the average daily volume of 15,309,559 shares, indicating moderate trading activity this morning.