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Looking Into Liberty Energy's Recent Short Interest

www.benzinga.com 27-12-2024 08:15 1 Minutes reading
Liberty Energy's (NYSE:LBRT) short percent of float has risen 15.42% since its last report. The company recently reported that it has 17.08 million shares sold short, which is 15.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.51 days to cover their short positions on average.Why Short Interest MattersShort interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price ...Full story available on Benzinga.com

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Chinese EV startup Li Auto‘s (NASDAQ:LI) founder and CEO Li Xiang on Friday reportedly backed the use of LiDAR technology in the company’s vehicles, saying it is necessary on the roads in China.What Happened: "I believe that if Musk had ever driven on different highways in China deep in the night, he would have chosen to keep a LiDAR in the front as well," Li Xiang said at an AI talk event on Friday, as reported by CNEVPOST. The CEO was responding to a question on why Li Auto continues to use LiDAR when Tesla doesn’t."China is different from the US. If you regularly drive at night in China, you’ll see large trucks with broken taillights, and ...Full story available on Benzinga.com

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