Hedge funds are betting against these stocks the most in this sell-off

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

These stocks made the cut for high short interest from the end of August through the middle of September.

Some stocks are sticking out more than others amid a broader market sell-off. Wall Street has felt pressure from the prospect of higher-for-longer interest rates, which has dampened equities in recent weeks and weakened major indexes. September has been a weak month for the S & P 500, Dow Jones Industrial Average and the tech-heavy Nasdaq Composite, with all three on pace to shed 5.2%, 3.4% and 6.7%, respectively.

mountain U-Haul stock is down more than 8% from the start of 2023. Other stocks that made the list include Intercept Pharmaceuticals , which saw short interest climb 18% from the end of August to the middle of September to 12 million shares. That equates to about 26% of the company's overall float. However, it shows the potential perils of a short strategy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines