Canoo's (NASDAQ:GOEV) short percent of float has fallen 16.73% since its last report. The company recently reported that it has 28.53 million shares sold short, which is 16.92% of all regular shares that are available for trading.
Gainers
HeartBeam, Inc. (NASDAQ: BEAT) shares surged 58% to $1.96 after the company announced its patent for a 12-lead electrocardiogram patch monitor intended for detection of acute coronary syndrome and cardiac arrhythmia was issued by the USPTO.
Electric vehicle stocks fell across the board in the week ended September 2 amid macroeconomic concerns that rocked the market. The August jobs report, the U.S. government’s move to restrict chip exports to China, and the shutting down of the Nord Stream 1 offshore pipeline that supplies oil from Russia to Europe all served to intensify risk aversion in the market.
Canoo's (NASDAQ:GOEV) short percent of float has fallen 10.39% since its last report. The company recently reported that it has 35.21 million shares sold short, which is 24.4% of all regular shares that are available for trading.
Electric vehicle stocks were caught in the maelstrom of a market-wide sell-off seen, primarily, in the final session of the week ending Aug. 19. Market leader Tesla, Inc. (NASDAQ: TSLA) traded with caution for the whole of the week ahead of the company’s stock split taking effect.
The major U.S. index futures are pointing to a lower open on Wednesday following the mixed close in the previous session.
At the time of going to press, the Dow Jones and S&P 500 futures were slipping 0.54% and 0.68%, respectively, and the Nasdaq 100 futures were down a steeper 0.81%.