Canoo stock price gained 3

Canoo stock price gained 3.5% yesterday after management confirmed progress on its Oklahoma manufacturing plant, a key catalyst to meet 2024 delivery commitments. Investors should also pay attention to any latest changes in analyst estimates for Canoo Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Founded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward innovative electric vehicles with steer-by-wire technology on its common modular platform with end-to-end software plus power solutions. Canoo’s platform is purpose-built to maximize the vehicle interior space and is customizable to support a wide range of business and government applications. Headquartered in Justin, Texas, Canoo has teams located in California, Michigan and Oklahoma with world-class vehicle and battery facilities in Oklahoma City. For more information please visit www.canoo.com and investors.canoo.com . 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.