![]() Much of this can be attributed to a March 17 announcement that Beam had deployed a clean charging system for Costa Mesa, a city in California, where the company itself is headquartered. In a plot twist, BEEM closed at $20.45 the same day a stunning rise of almost 13.11%. Its lowest value was on January 27, but later the stock rebounded. Total shares on loan are around 2.36 million, and the short interest rate is at 27.4%.īEEM started the year with a closing price of $20.17, which later dropped significantly until March. As of April 19, the utilization rate is standing at a full 100%, as it has been since February 07. Until now, the whole of 2022 has been a roller coaster ride for BEEM. But recent events in 2022 prove that there is still hope for the stock through the trends of a short squeeze. True to it, the stock took a startling downturn. Later in 2021, multiple insiders at Beam Global began selling their shares in the company in large numbers. ![]() This turn in value was partly because Beam welcomed new patents for its EV charging framework. In the past couple of years, BEEM saw its highest stock rise at the end of 2020 and the beginning of 2021. The company came to be in 2006 and, has a current M Cap of $190.46 million. ![]() A Capital Goods company headquartered in California, Beam Global (BEEM: US) designs and mass-manufactures products that focus on sustainable transportation and clean technology. ![]()
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