Sundial Growers: 41.3% of float currently held short Getty Images. WKHS stock plunged when the U.S. Having said that, BLNK stock is worth considering on corrections. The 10 Most Heavily-Shorted Stocks of January 2021 The following companies had the highest short interest as of January 29, 2021. Short interest is the % of a company’s shares that … 8 Tokens on Watch Thanks to the Coinbase IPO, Smart Contracts Could Elevate Cardano to a Top Tier Cryptocurrency, 7 Dividend Stocks With 50 Years of Dividend Increases. The electric vehicle charging industry is likely to growth at a healthy pace in the next decade. Published Mon, Mar 8 2021 5:41 PM EST. This is a part of the $2 trillion infrastructure investment plan. PUBM stock is also in the list of heavily shorted stocks with 40.2% of float shorted. As of February 26, 2021 the most shorted stock was for pharmaceutical company 180 Life Sciences Corp, with 78.56 percent of their total float having been shorted. A forward price-earnings ratio of 277x might explain the heavy short interest in the stock. Heavily shorted stocks are often quite volatile; short-sellers are often in it to make quick money, and fast-moving shares provide greater opportunities. If Oshkosh is successful is retaining the contract, participants with short interest stand to gain meaningfully. Hedge funds tend to favor shorting stocks of weaker companies in competitive industries. The EV commercial van upstart maintains short interest of about 23%. Type a symbol or company name. The Reddit army of intraday traders seem to be changing the rules of the game. The 10 Most Heavily-Shorted Stocks of January 2021. In all probability, this bet is on the hope that Workhorse might still stand a change with the Postal Service contract. With these events, heavily shorted stocks have been in the radar. Here's What to Do, coordinated short squeeze being deployed by Reddit’s army of day traders, short-sellers lost over $5 billion in betting against GME stock, 7 Monthly Dividend Stocks That Pay the Bills, reported revenue of $6.2 million in fiscal year 2020, multi-billion-dollar delivery fleet modernization contract, Do Not Sell My Personal Information (CA Residents Only). When shorted stocks go down, that means short-sellers can make money by closing out their position (i.e., buying stock) at a lower price. All rights reserved. Most Heavily Shorted Stocks by Short Interest: AMC, Gogo. Posted February 1, 2021 by Joshua M Brown Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers. In January 2021, GameStop was among the most shorted stocks on Wall Street. Let’s take a look at these heavily shorted stocks. By InvestorPlace Staff Mar 15, 2021, 7:39 am EDT March 16, 2021 Source: Shutterstock Shorting stocks is nothing new, but recent volatility in companies like GameStop (NYSE: GME ) … Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Macerich (NYSE: MAC) Macerich is the second real estate investment trust (REIT) on the list of most heavily shorted stocks. A Bloomberg article points out that “there are dozens of ways to pick stocks, but few have been as unconventional – or as successful – as the coordinated short squeeze being deployed by Reddit’s army of day traders.”. SunPower | Short … However, for 2020, the company reported revenue growth of 31% to $148.7 million. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. InvestorPlace is one of America’s largest, longest-standing independent financial research firms. quotes delayed at least 15 minutes, all others at least 20 minutes. We mapped out the 20 most-heavily shorted SPACs based on data from analytics firm S3 Partners. Image source: Getty Images. To combat tax-evaders, the SEC issued a rule that prevents you from short selling a stop that falls more than 10% in 24 hours. 1125 N. Charles St, Baltimore, MD 21201. In fact, some of the most heavily shorted stocks on the S&P 1500 index have actually climbed this year. But some blue chip companies also get shorted as a market hedge for funds looking to maintain a market-neutral position. Most people can short shares through their brokerage once they get proper clearances. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. That makes the most shorted stocks particularly vulnerable to “short squeezes,” creating super-normal profits for quick-thinking buyers. However, gains for BLNK were relatively muted. Essentially, short sellers are betting that the company will underperform in the future. The stock however trades at a market capitalization of $1.7 billion. PUBM stock is also in the list of heavily shorted stocks with 40.2% of float shorted. As prices rise, short sellers are often forced to buy back shares, creating a feedback loop that sends shares even higher. It’s heavily shorted, but the stock seems to be rebounding in 2021. Short selling has become a broader discussion in 2021 after retail investors from Reddit's WallStreetBets sent a group of heavily shorted stocks higher … ChargePoint Holdings (NYSE:CHPT) surged significantly on this news. The following four heavily short-sold stocks fit that definition well and should be avoided like the plague. The stock is up 98% so far in 2021. Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains. To put things into perspective, Blink Charging reported revenue of $6.2 million in fiscal year 2020. Shares shorted: 88.8 million; Percentage of float: 28.6%; Among these 10 heavily shorted stocks, Macy's (M, $15.04) is the biggest contrarian value play of the bunch. Furthermore, PubMatic has guided for revenue growth of 22.5% (mid-range) in 2021 on a year-over-year basis. Short interest is the % of a company’s shares that have been borrowed and sold, but not yet returned. Recently, The ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) purchased 59,600 shares of Workhorse. Heavily Shorted Stocks Stand Tall in 2021. If you want to want to short sell a stock that you own, and the value has fallen more than 10% within a day, you will need to open a margin account. Essentially, short-sellers are betting that the company will underperform in the future. Jan 14, 2021. Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. 3 of the Most Heavily Shorted Stocks Right Now, Best Cryptocurrency Stocks To Buy Before April 2021? Enjin Coin (ENJ) Price Predictions: Where Does ENJ Go After Coinbase Listing. Clearly, the stock seems to be way ahead of fundamentals. The stock is up 98% so far in 2021. Keep in mind that short-sales also involve an interest payment — the harder the shares are to find, the higher the fees will be. Since last Friday, GME has risen over 96% with a 57.4% rally in Wednesday’s session alone. On a year-on-year basis, revenue growth was 121%. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Hedge funds, meanwhile, will often use multiple brokers to build a larger short position. BLNK stock surged by over 2,400% in the last year. Related Link: A Short Seller Joins Benzinga's 'Power Hour' To Talk GameStop.The Rest Is History. The 10 Most Heavily-Shorted Stocks of January 2021 The following companies had the highest short interest as of January 29, 2021. How to Find Hypergrowth Winners No Matter the Market Conditions >>> READ MORE, 5 Reddit Penny Stocks Seeing the Most Chatter Friday, KemPharm Stock Is Having a Hard Time After Its Recent Runup, 3 of Today’s Most-Shorted Stocks Ready to Trade, Projected 2021 Milestones Should Take Luminar to the Next Level, Senseonics Stock Will Likely Rise on the Same Trajectory As DexCom, Corporate Insiders Pull the Trigger on These 5 Stocks, Today’s Biggest Pre-Market Movers: 10 Top Gainers and Losers on Thursday Morning. Most Shorted Stocks: Could EYES, BLNK, DISCA or CLVS Be the Next GameStop? For evidence of the power of shorted stocks, look no further than GameStop. Short interest is the % of a … For the fourth quarter of 2020, the company reported strong top-line growth of 64%. GameStop ( GME, $40.59) stock has plunged almost 90% from its January trading-frenzy high in the upper $400s. Overall, BLNK stock looks ripe for a significant correction. Source: Bloomberg, retrieved 28 January 2021 “Most Short Interest Index” is an equal-weighted index consisting of 50 most heavily shorted stocks (as a % of free float) on the Russell 1000 Index, which is rebalanced monthly. The stock is however worth keeping in the investment radar. The following companies had the highest short interest as of January 29, 2021. The stock started the year at $48.94. BLNK stock is among the most heavily shorted stocks with 37.2% of float shorted. Since the company’s business model looks attractive, the significant short interest is largely on account of valuation concerns. These can range anywhere from 1%-2% for highly liquid companies to 30%-80% for harder-to-find stocks. Among the more than three dozen stocks on that list with market caps above $2 billion, I see Stitch Fix (NASDAQ:SFIX), SmileDirectClub , and fuboTV's as three names worth owning. But occasionally, short-sellers will also target high-priced shares of growing companies, hoping that valuations will eventually come back down. Article printed from InvestorPlace Media, This is nearly 275x 2020 revenue. From an all-time high of $42.96, WKHS stock has corrected all the way down to $13.40 However, the short interest remains high with 25.5% of free float shorted. SPACs have been the talk of 2021 on Wall Street, but they've had a tough March. 1125 N. Charles St, Baltimore, MD 21201. On the date of publication, Faisal Humayun did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. The first of our heavily shorted stocks to buy is Workhorse Group. The 10 Most Heavily-Shorted Stocks of January 2021. So has its high short interest. Copyright © 2021 InvestorPlace Media, LLC. ... - Get Report is up over 78% in 2021 and joined the short squeeze madness that we saw to begin the year. As an example, Arrival (NASDAQ:ARVL) has a $1.2 billion contract backlog from United Parcel Service (NYSE:UPS). Stretched valuation is a key reason for the name being among the heavily shorted stocks. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Adjusted EBITDA growth for the same period was 190%. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Exposure to WKHS stock … It all started with GameStop (NYSE:GME). Of course, the Reddit army short squeeze was the culprit. These symbols will be available throughout the site during your session. 9. It’s estimated that short-sellers lost over $5 billion in betting against GME stock. Investors might find better investment opportunities. If there is positive new on that front, short covering can trigger a strong rally for the stock. Short interest is the % of a company’s shares that have been borrowed and sold, but not yet returned. Investors can profit from falling share prices by selling shares of companies they don’t own. ARVL stock looks attractive at $16. 2021 InvestorPlace Media, LLC. Postal Service announced a multi-billion-dollar delivery fleet modernization contract in favor of Oshkosh Corporation (NYSE:OSK). Overall, WKHS stock also has a strong fundamental reason to be among the heavily shorted stocks. Nasdaq However, leaving this contract aside, there already seems to be significant competition in the commercial electric vehicle segment. Type a symbol or company name. Create your Watchlist to save your favorite quotes on By far one of the biggest movers of the past few days has been video game retailer GameStop (GME). But price rises can quickly bankrupt a short-seller if they aren’t properly hedged. The post 3 of the Most Heavily Shorted Stocks Right Now appeared first on InvestorPlace. 4 To Consider, The Top 28 Cryptocurrencies to Know in 2021: BTC, ETH, DOGE and More, Patented Network Design Signals Progress for Holo Cryptocurrency Framework, The Week's Top Stories: $2 Trillion Club, Tesla Delivers, and Beyond Meat Deals, Guy Fieri Serves Up an Iconic Sandwich for National Grilled Cheese Month, Market Will Go Higher From Here: Credit Suisse's Palfrey, Playboy Invests in NFT Market, Set to Launch Digital Art Gallery With Nifty Gateway, All Bets Are Off for Zomedica Stock in the Near-Term, Didn't Get Your Second Stimulus Check? This column will talk about three stocks with high short interest and the possible direction in which these stocks are likely to move. Shares of PLCE were up 3.8% at $72.39 on January 27. Why do shorted stocks matter? The stock price might have run ahead of fundamentals, but strong top-line growth will sustain. All rights reserved. Source: YTD returns as of Feb. 2, 2021 Alex Sherman @sherman4949. Shorting stocks is nothing new, but recent volatility in companies like GameStop (NYSE:GME) has shown the dangers of crowded short trades. With an asset-light model, the company is positioned for strong cash flows in the next few years. Silver stocks explode, most heavily shorted stonks, Vix spikes. Recently, President Joe Biden announced a plan to build a national electric vehicle charging system. Targeting the heavily shorted stocks is one of the top trading strategies of the Reddit army. While its stock … For a stock trading at a forward P/E of 277x, top-line growth of 31% is unimpressive. As a result, the stock prices of so-called "meme" stocks, such as GameStop (ticker: GME), have skyrocketed this year due to a phenomenon known as a short … Short selling has become a hot topic on Wall Street in 2021 after communities of online traders on Reddit and other social media platforms conducted a series of targeted buying campaigns in some of the market's most heavily shorted stocks. Copy and paste multiple symbols separated by spaces. Heavily shorted stocks began their ‘off the charts’ rally long before the GameStop frenzy, Deutsche Bank says Callum Keown 2/9/2021 America now knows that nursing homes are broken. PubMatic is a provider of cloud infrastructure platform that enables programmatic advertising transactions. This REIT invests in shopping centers. Copyright © Meanwhile, any dividend payments must still get paid to the original stock owner. Heavily shorted stocks - April 3,2021 (self.Rajsastri) submitted 2 minutes ago by Rajsastri Please checkout my video to find out how to benefit from heavily shorted stocks: By borrowing shares from someone else, these investors essentially “owe” stock to someone else and eventually need to buy back the shares. There might be some hope for Workhorse with lawmakers planning to examine the contract award. February 19, 2021. Below are the next 10 most heavily shorted stocks on the Russell 3000 as of Jan. 29, 2021: Accelerate Diagnostics Inc. (NASDAQ: AXDX ): Market cap … So, when deciding which highly shorted companies to buy, make sure your brokerage is sending you a part of the interest payments that are due to you. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. © 2021, Nasdaq, Inc. All Rights Reserved. Highly shorted stocks are being targeted by some investors trying to force people who have bet the prices will fall into covering. The following companies had the highest short interest as of January 29, 2021. Heavily shorted Tanger Outlet stock pops 20% in sudden move, then pulls back Published Thu, Mar 4 2021 9:41 AM EST Updated Thu, Mar 4 2021 4:38 PM EST Jesse Pound @jesserpound Unlike buying, shorting stock has almost unlimited downside since shares could theoretically rise infinitely. Clearly, the stock seems overvalued and it’s not surprising that the short interest has seen heavy buildup. Often, that means looking at companies in retail, or at biotech companies with questionable drug candidates. PUBM does not seem like a stock that’s likely to see a short squeeze in the foreseeable future. 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