🟢 Navitas Semiconductor Corp is trading 6.3% up today on continued momentum and short-covering

Navitas Semiconductor Corp is trading 6.3% up today at $23.60, extending a sharp rebound after recent volatility and an 8.3% gain on June 11.

• The latest leg higher is attributed to momentum and positioning dynamics, including elevated short interest and buying pressure.
• Investor sentiment has been bolstered by earlier guidance updates and SEC filings that successfully removed SPAC-related overhangs.
• The stock continues its upward trajectory despite the absence of new fundamental announcements specifically released on June 12.