Tag: MULN Short Squeeze (Page 1 of 6)

Free Live Daily Updates: AMC Short Interest Today + More

AMC Short Interest Today

Free Live Daily Updates: AMC Short Interest Today + More.

Community, I’m going to be updating this list of momentum stock and their short interest and utilization daily (AMC short interest, BBIG, MULN, BIOR, GME, APE, and many others).

Be sure to bookmark this page for daily AMC short interest updates and more.

Other metrics being updated daily will include the cost to borrow, shares on loan, + short squeeze scores.

If there are other heavily shorted stocks you’d like me to update daily, please leave a comment below and I’ll be sure to look into them before adding them to the list!

– Frank Nez

Franknez.com

#1. MMAT Short Interest

Short Interest: 10.73% | Utilization: 90.77 | Cost To Borrow: 17.05 | Shares On Loan: 39.24 Million | Days To Cover: 9.03

MMAT Short Squeeze Score: 84

(Updated Daily)

Market News Today - Senator Inquiries Now Grow on The MMTLP Scandal

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#2. AMC Short Interest Today

Short Interest: 7.80% | Utilization: 47.70 | Cost To Borrow: 1.79 | Shares On Loan: 22.26 Million | Days To Cover: 1.22

AMC Short Squeeze Score: 57

(Updated Daily)

Market News Today - AMC CEO Now Identified As Extortion Bid Victim

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#3. GME Short Interest

Short Interest: 20.52% | Utilization: 85.30 | Cost To Borrow: 2.96 | Shares On Loan: 72.73 Million | Days To Cover: 24.36

(Updated Daily)

GME Short Squeeze Score: 86

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#4. MULN SI

Short Interest: 19.70% | Utilization: 88.31 | Cost To Borrow: 15.55 | Shares On Loan: 73.37 million | Days To Cover: 1.35

(Updated Daily)

MULN Short Squeeze Score: 75

MULN Stock News
Click the image to read the latest MULN stock news aritlce.

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#5. LCID SI

Short Interest: 25.37% | Utilization: 96.03 | Cost To Borrow: 10.99 | Shares On Loan: 355.08 Million | Days To Cover: 10.86

(Updated Daily)

LCID Short Squeeze Score: 86

Daily Market News

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FrankNez – Daily Market News and stock updates.

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Related: This is What’s Stopping AMC From Squeezing Today



Mullen Has Until March 31st to Deliver 6,000 EVs

Market News Daily - Mullen Has Until March 31st to Deliver 6,000 EVs.
Market News Daily – Mullen Has Until March 31st to Deliver 6,000 EVs.

Mullen Automotive (NASDAQ:MULN) has until March 31st to deliver its 6,000 Class 1 cargo van EVs to Randy Marion Automotive Group.

Last week, CEO David Michery made addressed shareholders in a formal report confirming the delivery of 6,000 EVs to RMA, valued at $200 million.

At first, the rumors of the $200 million purchase order seemed to hold very little weight, at least according to shareholders who noticed the delivery had not been made yet.

Now that shareholders have received confirmation from the Mullen Automotive CEO, it’s just a matter of waiting for the promise to be delivered.

David Michery said the delivery would take place by the end of March 2023, making the 31st a big deadline for the company who’s shares have fallen more than -68% this year.

Mullen Automotive stock, now trading at just $0.10 was able to avoid getting delisted on March 6th when Nasdaq approved a second 180-day extension.

If Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the Company will implement a reverse stock split to cure the Deficiency prior to the expiration of the additional 180-day compliance period.

“Consistent with my message to our shareholders, we will use our best efforts to regain compliance to meet Nasdaq’s requirement for a $1 minimum bid price,” said the CEO.

Why MULN Stock is Treading a Fine Line

Mullen to deliver 6,000 EVs to Randy Marion Automotive - MULN stock news today.
Mullen to deliver 6,000 EVs to Randy Marion Automotive – MULN stock news today.

MULN stock is risking hitting zero as it trades just barely above $0.10.

The company has had very positive developments so far in 2023, which has led investors to believe Mullen Automotive is a target for naked shorts.

CEO David Michery has been criticized by shareholders for not speaking out on the subject matter like other CEOs are doing today.

Mullen Automotive won license for IP and exclusive distribution rights in North and South American markets for the Qiantu K50/DragonFLY.

“This agreement with Qiantu is an important milestone for the company, said Mullen’s CEO and Chairman David Michery, adding that “since day one, we have received overwhelming positive feedback for this vehicle, including our original debut at the 2019 New York Auto Show and the Indy 500 in May 2019.

We are excited to start the GT and GTRS programs on March 20, 2023.”

But despite this great development, Mullen is treading a fine line with the deadline of the 6,000 EV delivery.

If it is able to deliver on its promise, Mullen Automotive will finally have its first fleet of EVs on the ground by a reputable industry leader.

Failure to deliver and the company might continue to face investor scrutiny, and damaging the last connection of trust the CEO has with its shareholders.

Mullen Class 1 EV Cargo Van – MULN Stock News Today.

Are you holding Mullen Automotive Stock?

What are your current thoughts on Mullen Automotive?

The stock price is in a very risky zone, but the delivery of its promise may completely change the tide around.

Will this be the development that sends MULN shares skyrocketing?

I’d love to hear your thoughts.

Leave a comment down below.

[stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”MULN” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”]

Market News Published Daily

Market News Today - Mullen Has Until March 31st to Deliver 6,000 EVs.
Market News Today – Mullen Has Until March 31st to Deliver 6,000 EVs.

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What is The Probability of MULN Stock Going to $0?

Market News Daily: Will MULN stock go to $0?
Market News Daily: Will MULN stock go to $0?

Concerned investors on social media have raised the question of MULN stock going to $0.

Mullen Automotive (NASDAQ:MULN) stock ended the week at $0.14, down -9.20% on the day and down -17% for the week.

MULN stock tested $0.44 in January and again during the first week of February, but shares have been plunging ever since.

The automotive company has had a string of positive developments, with the latest MULN stock news confirming the delivery of the $200 million purchase order.

But despite these positive developments, Mullen Automotive shares have continued to tumble with concerns in the air of MULN stock going to $0.

Some warn Mullen Automotive stock may crash to zero as bankruptcy risks rise.

But Mullen reports that as of Feb. 28, 2023, the company has $87,400,009 of cash and cash equivalents, including restricted cash, and expects to receive an additional $110 million from firm commitments by June 1, 2023.

An official statement from Mullen Automotive published on 3/16 read:

“The Company believes the combination of cash on hand and expected firm cash commitments provides it with enough capital to execute on its business plan over the next 12 months.”

Will Mullen Automotive go bankrupt?

Doesn’t seem likely by that statement.

Will MULN Stock Go to Zero?

Market News Daily: Will MULN stock go to zero?
Market News Daily: Will MULN stock go to zero?

Mullen Automotive CEO David Michery has a plan to issue a reverse stock split should the company fail to meet Nasdaq’s $1 bid per share compliance.

Will this strategy save MULN stock from going to zero?

It’s very possible, but investors are look at CEO David Michery for answers.

MULN stock chopped at $0.14 majority of the day on Friday.

If the stock is able to find a strong support here, we may begin to see it move up again if buyers flood in.

However, market makers and hedge funds are still in control of where prices are headed — we’ve seen these institutions drive companies to $0 before, mainly through naked short selling.

Mullen Automotive Avoids Getting Delisted

Market News Daily: Will MULN stock go to $0?
Market News Daily: Will MULN stock go to $0?

The company avoided getting delisted after it failed to meet its $1 per share requirement on March 6, 2023.

Nasdaq approved a 180-day extension for Mullen Automotive to meet the minimum $1 bid price per share.

On Sept. 7, 2022, Nasdaq provided notice to the Company that, based on the previous 30 consecutive business days, the Company’s listed common stock no longer met the minimum $1 bid price per share requirement as set forth in Nasdaq Listing Rule.

The Company was provided 180 calendar days, or until March 6, 2023, to regain compliance.

If Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the Company will implement a reverse stock split to cure the Deficiency prior to the expiration of the additional 180-day compliance period.

“Consistent with my message to our shareholders, we will use our best efforts to regain compliance to meet Nasdaq’s requirement for a $1 minimum bid price,” said David Michery, CEO and chairman of Mullen Automotive.

Related: These 3 Signs Point Towards Naked Shorting in MULN Stock

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Market News Daily: Will MULN stock go to zero?
Market News Daily: Will MULN stock go to zero?

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Mullen Automotive Resignations Are Rising

Market News Daily: Mullen Automotive resignations raise accounting concerns.
Market News Daily: Mullen Automotive resignations raise accounting concerns.

Mullen Automotive (NASDAQ:MULN) resignations are rising, not a good sign as the company’s share price continues to tumble.

The company announced that Chief Accounting Officer (CAO) Kerri Sandler resigned on March 6th.

Vice President of Operations Chester Bragado became the new CAO immediately.

With over 20 years of experience, Bragado previously served as Mullen’s executive vice president of operations.

Before that, he held financial, auditing and accounting roles at companies like Sambazon and Loop Media.

Bragado has also served as an external auditor for PriceWaterHouseCoopers (PwC).

“There are no arrangements or understandings between Mr. Bragado and any other person pursuant to which he was appointed to serve as Chief Accounting Officer and Mr. Bragado does not have a direct or indirect material interest in any ‘related party’ transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K,” said Mullen in a Form 8-K.

“There are no family relationships between Mr. Bragado and any director or executive officer of the Company.”

Mullen Automotive News: Auditor Resigns

Market News Daily: Mullen Automotive resignations raise accounting concerns.
Market News Daily: Mullen Automotive resignations raise accounting concerns.

This announcement comes after Mullen’s auditor resigned this month.

Last week, Daszkal Bolton disclosed that it would resign immediately following a merger with CohnReznick.

Daszkal had been the company’s auditor since 2020.

Mullen did not provide any other reason for the resignation besides the merger.

Meanwhile, Mullen noted that it had engaged RBSM as its new public accountant.

Mullen Automotive has had many positive developments this year but its resignations are raising concerns.

The Brea, California-based company reported a net loss before accrued preferred dividends and non-controlling interest of $378.46 million for the three months ended Dec. 31.

MULN is currently down more than -57% this year-to-date.

[stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”MULN” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”]

7 Analysts had given the company a price target of $24.15 per share earlier this year but only 1 analyst is now giving the company a target of $23.

MULN stock is trading at $0.13 at the moment.

Hitting $1 per share is one of the biggest concerns for shareholders right now.

Mullen Automotive Avoids Getting Delisted

Mullen Automotive News Today: MULN stock avoids getting delisted.

Mullen Automotive avoided getting delisted after it failed to meet its $1 per share requirement on March 6, 2023.

Nasdaq approved a 180-day extension for Mullen Automotive to meet the minimum $1 bid price per share.

On Sept. 7, 2022, Nasdaq provided notice to the Company that, based on the previous 30 consecutive business days, the Company’s listed common stock no longer met the minimum $1 bid price per share requirement as set forth in Nasdaq Listing Rule.

The Company was provided 180 calendar days, or until March 6, 2023, to regain compliance.

If Mullen stock fails to trade above $1 for a minimum of 10 consecutive business days prior to Sept. 5, 2023, the Company will implement a reverse stock split to cure the Deficiency prior to the expiration of the additional 180-day compliance period.

“Consistent with my message to our shareholders, we will use our best efforts to regain compliance to meet Nasdaq’s requirement for a $1 minimum bid price,” said David Michery, CEO and chairman of Mullen Automotive.

Market News Published Daily

Market News Daily: Mullen Automotive resignations raise accounting concerns.
Market News Daily: Mullen Automotive resignations raise accounting concerns.

For stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media site that keeps retail investors informed.

You can also follow Frank Nez on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

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