EV maker Faraday Future Intelligent Electric (NASDAQ:FFIE) continues to soar higher on elevated volumes.
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FFIE shares have seen an average trading volume of nearly 40 million shares in the last 10 days even as short interest in the stock remains high at nearly 21% at present.
This rise in volumes has been accompanied by an 83% price gain in the past five days and the company’s shares are up a further 21% in the pre-market session today already.
FFIE has not turned a profit in the last two years and concerns about the company staying afloat continue to persist.
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