T1 Energy Inc (NYSE:TE) stock is trading higher on Wednesday as shares experience a recovery. The price action follows a highly volatile week marked by alternating institutional optimism and aggressive short-seller allegations.
• T1 Energy shares are powering higher. Why are TE shares rallying?
High Short Interest Fuels Squeeze Potential
Short interest in T1 Energy increased during the last reporting period, rising from 42.29 million to 44.16 million shares. This means short sellers have borrowed and sold 27.26% of the company’s publicly available shares. Based on the recent average volume of 15.49 million shares traded per day, it would take 2.85 days for these short sellers to close out their positions.
Shaking Off Fuzzy Panda Allegations
The Wednesday rally serves as a sharp reversal from Tuesday. TE shares plunged 9.14% to $6.36 after Fuzzy Panda Research released a short report.
The …
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