Canoo stock price short interest in Canoo stock remains

Short interest in Canoo stock remains over 10%, suggesting that any positive production or delivery news could trigger a short squeeze and accelerate price gains in the short term. Despite the challenges, the EV industry seems inevitable and is poised to grow over the next few decades. We discussed the International Energy Agency’s (IEA) EV outlook in our article about the best EV stocks according to short sellers . Here is an excerpt from it: Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The EV industry’s broader rebound over the past month has influenced Canoo stock price positively, aligning with Nasdaq composite’s upward trend amid renewed tech optimism.