What's Going On With Nikola Corporation Stock Today?

Nikola Corporation NKLA shares are lower on Wednesday. The stock has been volatile in September and has gained more than 70% over the last five days.

What To Know:

Nikola has made several recent announcements including the expansion of of its dealer and service network into Canada and the appointment of Mary Chan as chief operating officer.

The company also continues to execute the safety repairs associated with the voluntary recall of its battery electric trucks (BEVs).

CEO, Steve Girsky, has said deliveries of Nikola's new FCEVs will begin in late September after a celebratory launch event on Sept. 28.

Shares of NKLA are falling on above-average trading volume. According to data from Benzinga Pro, more than 55 million shares have been traded in the session, compared to the stock's 100-day average of 93.27 million shares.

There is significant short interest in Nikola stock with 18.5% of available shares being sold short.

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Image: Courtesy of Nikola Corporation