Potential short squeeze?There has been a large short interest in this stock for many years. Recently, probably due to rising interest in EVs and the fact that Kandi is starting to market cars in the U.S., the share price has been rising and the trading volume has increased drastically. Will be interesting to see if the shorts try to brave the momentum against them, or bail and cover their positions.
Here is an article on Seeking Alpha which raises the issue:
https://seekingalpha.com/article/4390653-kandi-running-wild?utm_medium=email&utm_source=seeking_alpha&mail_subject=kndi-kandi-running-wild&utm_campaign=rta-stock-article&utm_content=link-2