Faraday Future (FFIE) stock is making headlines today as it experiences a significant rally, potentially signaling a major short squeeze in the works. The stock surge comes amidst a broader meme stock rally, adding fuel to the speculation.

Short interest in FFIE stock currently stands at a staggering 95% of the company’s float, making it a prime candidate for a short squeeze. This high level of short interest, combined with the ongoing meme stock trend, has piqued the interest of investors and traders alike.

The recent resurgence of meme stocks, fueled in part by the return of Roaring Kitty, has seen previously short-squeezed stocks from 2021 gaining momentum once again. FFIE, as an electric vehicle (EV) company, appears to be catching the attention of traders looking to capitalize on potential price surges.

Despite facing challenges in recent times, Faraday Future’s stock movement today is indicative of the heightened trading activity surrounding the company. With over 445 million shares traded so far, the stock is experiencing a surge in volume compared to its daily average.

As of Tuesday morning, FFIE stock is up an impressive 155.8%, although it remains down 74% year-to-date. This rally underscores the dynamic nature of the stock market and the potential for rapid price movements.

For investors seeking the latest stock market insights, the FFIE stock rally is just one of many stories shaping the market today. Stay tuned for updates on other notable stocks like Virgin Galactic (NYSE:SPCE), MicroCloud Hologram (NASDAQ:HOLO), and BlackBerry (NYSE:BB).