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Nio shorts may have covered too soon, as EV maker's stock sinks to more than 2-year low

Por: MarketWatch Politics October 14, 2022

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About $41.4 million worth of shorts were covered in the 30 days to Oct. 13, well above second-place Thor Industries Inc. , which saw $25.6 million worth of shorts covered, wrote Ihor Dusaniwsky, managing director of predictive analytics at S3. Despite the short covering, Nio’s stock was still the seventh most highly shorted in the sector, at $748.1 million. For reference, Nio’s market capitalization was about $1.8 billion. Nio’s stock... + full article



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