These are the most heavily shorted stocks on Wall Street, including two EV charging names

Bets against electric vehicle charging stocks EVgo and Blink Charging are piling up. FactSet data showed that, as of Oct. 31, short interest as a percentage of float on EVgo and Blink has risen to 32% and 28%, respectively. Short interest as a percentage of float refers to the amount of shares available for trading that are being bet against. EVgo and Blink have struggled this year, with the former losing 25% in 2022 while the latter has shed 46%.

The company also said it sees a larger-than-forecast adjusted EBITDA loss for 2022. Meanwhile, Blink Charging reported top and bottom line numbers that marginally beat StreetAccount estimates. However, both stocks popped Friday. Shares of EVgo traded about 2% higher, while Blink advanced 4%. Those gains could be indicative of traders covering short positions, one of the catalysts cited by some market participants for Thursday's broad rally.

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Source: WSJ - 🏆 98. / 63 Read more »