SES AI Shares Face Critical Test as Quarterly Results Loom

SES AI shares are displaying significant volatility ahead of Wednesday’s crucial quarterly earnings release. The overall market sentiment remains tense, fueled by a dramatic surge in short interest and conflicting signals emerging from the company’s recent activities.

The stock enjoyed a substantial 10.80% rally on Friday, closing at $2.36 after reaching an intraday peak of $2.40. However, this single-day surge belies a broader downward trend, with the equity having shed 23.13% of its value over the preceding ten trading sessions. Market projections indicate an opening price of $2.30 for Monday’s trading session.

Short Sellers Circle

A particularly concerning development for bullish investors is the explosive growth in short positions. Data Read more...