Investors are stepping up bets against a broad collection of stocks as the broader market gets increasingly volatile following another hotter-than-expected March inflation report . Stocks sold off and Treasury yields jumped Wednesday when inflation was shown to be under less control than investors had counted on. Losses continued early Thursday before prices recovered in late trading.
mountain SunPower stock. Shares have been under immense pressure in 2024, plunging 48% through Thursday. Short interest as a percentage of SunPower's float approaches 77%, while only 7% of analysts polled by FactSet rate the stock the equivalent of a buy, with 57% saying it's no more than a hold. B. Riley Financial is also seeing large short interest, amounting to almost 76% of its float. Shares have risen 9% so far in 2024 after collapsing 39% in 2023 and nearly 62% the year before.
mountain B. Riley Financial stock. B. Riley in February sought an extension to file its 2023 annual report with the Securities and Exchange Commission, saying it's dedicating most of its resources to an independent audit of its board of directors . The next month, B. Riley said it reached an agreement with one if its lenders, Nomura Corporate Funding Americas, to extend the delivery of audited financial documents until the end of April.
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