Joby Aviation (NYSE:JOBY) drops below February financing level after surge in trading volume
The U.S. market was closed Sunday, so Friday was the last regular session. Joby Aviation, Inc. finished at $8.83. Shares slid all week even though the company posted no new press releases. The last update on Joby’s press-release page was first-quarter results on May 5. Its SEC page showed the most recent filings as ownership and proposed-sale forms from June 16, and the last 8-K from June 4. The main action is in the tape. Joby’s traded volume was strong for five sessions. On Friday, 56.24 million shares changed hands, about 181% of its 65-day average volume. The company has 629.73 million shares in public float. As of June 15, short interest was at 100.74 million shares, equal to 16.0% of float.