There is no specific news today explaining the decline in Serve Robotics Inc. (SERV) stock. However, the stock's movement could still be influenced by previous events. On January 17, 2025, it was reported that Serve Robotics experienced a significant increase in short interest, with 13.8% of the company's stock being short sold as of December 31st. This increase in short interest might be contributing to the current downward pressure on the stock as investors react to the potential for increased volatility.
Serve Robotics Inc. is currently trading at $17.77, down 2.68% from its previous close of $18.26. The stock opened at $18.59 and has seen a high of $18.68 and a low of $16.86 so far today. Despite being just over an hour into the trading day, the stock has already seen a volume of 3,442,881 shares, representing 36.60% of its average daily volume of 9,406,133 shares.