As this happened, BofA Securities initiated its Polestar Automotive Holding UK PLC ADR [PSNY] rating to a Neutral in a research note published on December 05, 2024; the price target was $1.25. Piper Sandler also remained covering PSNY and has decreased its forecast on March 15, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Bernstein started covering the stock on January 24, 2024. It rated PSNY as “an Underperform”.
Price Performance Review of PSNY
On Tuesday, Polestar Automotive Holding UK PLC ADR [NASDAQ:PSNY] saw its stock jump 1.75% to $1.16. Over the last five days, the stock has gained 1.75%. Polestar Automotive Holding UK PLC ADR shares have risen nearly 10.48% since the year began. Nevertheless, the stocks have fallen -36.96% over the past one year. While a 52-week high of $2.33 was reached on 01/06/25, a 52-week low of $0.61 was recorded on 01/02/25. SMA at 50 days reached $1.1066, while 200 days put it at $1.1356.
Levels Of Support And Resistance For PSNY Stock
The 24-hour chart illustrates a support level at 1.1100, which if violated will result in even more drops to 1.0600. On the upside, there is a resistance level at 1.2100. A further resistance level may holdings at 1.2600. The Relative Strength Index (RSI) on the 14-day chart is 55.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0357, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.26%. Stochastics %K at 67.55% indicates the stock is a holding.
How much short interest is there in Polestar Automotive Holding UK PLC ADR?
A steep rise in short interest was recorded in Polestar Automotive Holding UK PLC ADR stocks on 2024-12-31, dropping by -0.96 million shares to a total of 34.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 35.57 million shares. There was a decline of -2.77%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 01, 2023 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $3 price target.
