REE Automotive Ltd. (NASDAQ:REE) Short Interest Update

REE Automotive Ltd. (NASDAQ:REE) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 400,462 shares, a decrease of 21.2% from the November 30th total of 508,306 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 104,817 shares, the short-interest ratio is currently 3.8 days. Based on an average daily volume of 104,817 shares, the short-interest ratio is currently 3.8 days. Approximately 1.8% of the company’s stock are sold short.

REE Automotive Trading Up 0.1%

NASDAQ REE traded up $0.00 during trading on Tuesday, hitting $0.80. 402,808 shares of the company traded hands, compared to its average volume of 242,234. REE Automotive has a 12 month low of $0.53 and a 12 month high of $10.24. The business has a fifty day simple moving average of $0.86 and a 200 day simple moving average of $0.78. The company has a market capitalization of $17.83 million, a P/E ratio of -0.11 and a beta of 2.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in REE Automotive stock. Goldman Sachs Group Inc. purchased a new stake in REE Automotive Ltd. (NASDAQ:REE) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,232 shares of the company’s stock, valued at approximately $48,000. Goldman Sachs Group Inc. owned about 0.13% of REE Automotive as of its most recent filing with the Securities & Exchange Commission. 12.74% of the stock is owned by hedge funds and other institutional investors.

REE Automotive Company Profile

REE Automotive Ltd. (NASDAQ:REE) is an Israel-based technology company specializing in the design and engineering of fully modular electric vehicle (EV) platforms. Founded in 2011 as a research initiative at the Technion – Israel Institute of Technology, REE Automotive has developed its core offering—the REEcorner—which integrates steering, braking, suspension and powertrain components into a compact unit housed within the wheel arch. This architecture enables manufacturers and fleet operators to pair a flat “skateboard” chassis with a variety of bespoke vehicle bodies, streamlining development cycles and reducing production complexity.

At the heart of REE’s product portfolio is the REEboard platform, a highly scalable EV architecture designed for commercial applications such as last-mile delivery vans, urban shuttles and light-duty trucks.