$MULN stock bounces over 5% on Monday after last week's sell-off. Mullen Automotive stock has a large short interest so could there be a squeeze coming? MULN stock still has not replied to accusations in Hindenburg report by ivanbrian9 stocks trading
Mullen Automotive stock has a large short interest so could there be a squeeze coming?MULN stock recovered quite a lot of ground on Monday as it closed up nearly 6% at $2.66. MULN shares had been under extreme pressure following the release of a report by noted short-seller Hindenburg Research last week. Mullen Automotive stock cratered but recovered some ground on Monday, here's why.
. He also addressed concerns over Mullen's electric battery range which Hindenburg aimed at. Biennale CEO Milton Todd Ault III interviewed EV Grid CEO, Tom Gage. EV Grid reportedly carried out Mullens battery test. $2.06 is the breakout level and where the recent spike to $4.21 began. Below there Mullen Automotive shares would be going back to sub $1. Breaking above $4.21 will see more momentum traders enter and the move could accelerateThere is much more uncertainty surrounding this stock than is usual. It is highly volatile and the Hindenburg report carries serious questions that need to be clarified. So please manage your risk carefully. Speaking personally, I would not be tempted to enter either way.
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