Electric vehicle stocks closed the final trading week of the year on a mixed note amid the volatility in the broader market. Tesla, Inc. (NASDAQ: TSLA) swung wildly before snapping three straight weeks of losses and closing just higher for the week.
Investors often look for stocks with high short interest and a high cost to borrow, which could predict a potential short squeeze. New data shared by S3 Partners could signal which stocks investors are betting heavily against.
Electric vehicle stocks mostly advanced in the week ending Dec. 2, helped by market-wide optimism over a potential Fed pivot and some company-specific catalysts. The Chinese EV trio of Nio, Inc. (NYSE: NIO), XPeng, Inc.