REE Automotive Ltd (NASDAQ:REE) was the goal of a giant enhance in brief curiosity within the month of November. As of November thirtieth, there was quick curiosity totalling 832,600 shares, a rise of 46.5% from the November fifteenth complete of 568,300 shares. Primarily based on a median buying and selling quantity of 1,170,000 shares, the short-interest ratio is presently 0.7 days.

A number of hedge funds and different institutional traders have just lately purchased and bought shares of the corporate. Wolverine Asset Administration LLC acquired a brand new place in shares of REE Automotive within the third quarter valued at about $28,000. First Nationwide Belief Co acquired a brand new place in shares of REE Automotive within the third quarter valued at about $45,000. Morgan Stanley acquired a brand new place in shares of REE Automotive within the third quarter valued at about $46,000. IPG Funding Advisors LLC acquired a brand new place in shares of REE Automotive within the third quarter valued at about $102,000. Lastly, Penserra Capital Administration LLC acquired a brand new place in shares of REE Automotive within the third quarter valued at about $120,000. 4.85% of the inventory is owned by institutional traders and hedge funds.

Individually, Morgan Stanley assumed protection on shares of REE Automotive in a analysis notice on Monday, September thirteenth. They set an “underweight” ranking and a $5.00 worth goal on the inventory.

REE inventory traded down $0.09 throughout mid-day buying and selling on Friday, hitting $4.09. 638,864 shares of the corporate have been exchanged, in comparison with its common quantity of 1,195,808. REE Automotive has a twelve month low of $3.40 and a twelve month excessive of $11.66. The inventory’s fifty day transferring common is $4.10.

REE Automotive (NASDAQ:REE) final posted its quarterly earnings outcomes on Tuesday, November sixteenth. The corporate reported ($1.62) EPS for the quarter. Equities analysis analysts predict that REE Automotive will publish -1.95 earnings per share for the present fiscal 12 months.

REE Automotive Firm Profile

REE Automotive Ltd. is an automotive know-how. REE Automotive Ltd., previously often called 10X Capital Enterprise Acquisition Corp, is predicated in NEW YORK.

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