Faraday Future Intelligent Electric Inc. (FFIE) is seeing a positive movement in its stock price today, likely driven by recent developments and discussions within the investor community. The company announced that entrepreneur and community leader Luke Hans has taken delivery of the new FF 91 2.0 Futurist Alliance, which may be boosting investor confidence. Additionally, discussions on Reddit highlight a growing interest in the stock's potential for a short squeeze. One user noted that the short interest has grown beyond 40%, with a significant portion of today's volume attributed to short-only trades. The presence of fail-to-deliver (FTD) shares due for settlement is also seen as a "juicy sign" for potential upward pressure on the stock.
Despite being just 30 minutes into the trading day, FFIE's stock has already seen a volume of 2,918,312 shares, which is 19.06% of its average daily volume of 15,309,559 shares. This early trading activity suggests heightened interest and engagement from investors. The stock is currently priced at $1.47, up 2.45% from the previous close of $1.43.