![]() Shortly thereafter, Workhorse recalled 41 of its C-1000 electric delivery vans and suspended deliveries. Workhorse dropped its lawsuit over the USPS contract in September. ( OSK) over Workhorse for a crucial $6 billion next-generation delivery vehicle contract. Postal Service chose competitor Oshkosh Corp. ![]() Much of that sell-off occurred after the U.S. Aterian’s short interest was under 10% of its float to start the year, but that figure is now up to 44.5%.Įlectric vehicle stocks have been popular targets for short sellers in the past year, and Workhorse shares are down 71.4% in that time. After crashing back down to around $3 by August, the stock experienced another major squeeze that sent it back up to $19 within a matter of weeks. Aterian achieved “meme stock” status when it rocketed from under $7.50 in December 2020 to as high as $48.99 in February 2021. Aterian shares have been extremely volatile in 2021. ( AMZN) and partners with or acquires companies that produce those goods. Since Progenity completed a $40 million equity capital raise in August, the stock is up 60%, pressuring short sellers.Īterian identifies top-selling product categories on Inc. Ortex estimates 44.6% of the stock’s float is currently held in short positions, making it an excellent candidate for a short squeeze. Less than 16 months later, the stock is trading at just $1.34, and short sellers are betting the long-term downtrend continues. Like Smiledirectclub, Progenity has been a home run trade for short sellers since it completed its IPO at a price of $15 per share in June 2020. Progenity supplies molecular and specialized diagnostic tests for clinicians. Ortex estimates that 46.4% of Smiledirectclub’s float, or free-trading shares, is held in short positions, the highest percentage of any stock on this list. The company went public at a price of $23 per share, but roughly two years later it is now trading under $6. One of the reasons Smiledirectclub is such a popular short bet is that it’s been such a successful trade for short sellers up to this point. Smiledirectclub has been one of the most heavily shorted stocks in the market since it completed its high-profile initial public offering in 2019. Here are eight stocks that have all the ingredients to be the next major short squeeze, according to Ortex Analytics. Short squeezes are large, short-term spikes in a stock’s share price that occur when short sellers are forced to exit their positions all at once by covering, or buying back, shares of stock. Groups of retail traders on Reddit and other social media platforms have successfully orchestrated targeted buying campaigns in some of the most heavily shorted stocks in the market, repeatedly triggering massive short squeezes throughout the year. Short squeezes have gotten a lot of attention in 2021. These stocks are primed for a short squeeze. Business & Finance Click to expand menu.
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