ENVX / Enovix: Stock Craters On Decision To Abandon U.S. Manufacturing Operations, Avoid

In the latest trading session, Enovix Corporation (ENVX) closed at $8.70, marking a -0.8% move from the previous day. more_horizontal

A look at the short sale lists is always interesting because there are usually as many names worthy of buying as selling. Marketbeat.com's list of hig more_horizontal

Shares sold off after the company decided to abandon U.S. manufacturing operations and focus on high-volume production in Malaysia next year. Investor more_horizontal

On another tough day on Wall Street, shares of Enovix (NASDAQ: ENVX ) — an advanced lithium-ion battery manufacturer — suffered a brutal beatdown, more_horizontal

Enovix wants to shift most of its battery production to Southeast Asia. So it is converting its factory in California into an innovation center. more_horizontal

Two years ago, the prospects for renewable energy stocks seemed bright. Money was flowing into all sorts of new and disruptive technology companies. more_horizontal

Among many elements of investing, stocks with significant short interest often steal investors' attention as they offer the potential for a sudden and more_horizontal

The battery manufacturer is spending the equivalent of around $90 million to essentially buy a peer's technology. It announced the acquisition of Sout more_horizontal