QuantumScape Corp (NYSE:QS) shares are trading lower by 6.31% to $12.48 going into the close of Tuesday’s session. The stock may be pulling back following recent strength.
QuantumScape shares last week saw marked strength after the company reported second-quarter financial results. QuantumScape reported quarterly losses of 26 cents per share, compared to the analyst consensus estimate of a loss of 20 cents.
Shares have seen marked volatility and are higher by some 52% over the trailing month. Volatility may be due to increased interest by retail investors in high short interest names. According to data from Benzinga Pro, QS has a short float of roughly 20%.
See Also: QuantumScape Taps Former Western Digital Veteran to Lead Technology and Manufacturing Teams
QuantumScape has a 52-week high of $13.86 and a 52-week low of $5.11.
