The most heavily short stocks on Wall Street include some biotechs and two movie chains

Traders have upped their bets against several biotech companies, including the beleaguered Novavax. Short interest in Novavax increased more than 13% to 37.8 million shares, or about 45% of the total float, between March 15-31, according to data compiled by FactSet. The float refers to the stocks available for trading. The Covid vaccine-maker raised doubts in February about its ability to stay afloat.

Other biotech companies that saw growing short interest are Cassava Sciences , with a 10% increase, and Fate Therapeutics , which saw a 26% boost. That brought both names to about 30% of float. Meanwhile, bluebird bio had a 29% increase in its short interest to 26% of float. Traders were also increasingly bearish on two movie chains. Cinemark and AMC Entertainment both saw increases in their short position to 28% and 27% of their respective floats.

You forgot evgo with over 34% shorted. But why anyone would short one of the best ways to combat the climate crisis is beyond me, especially now with impacts increasing. It must be fossil fuel hounds. But I have no doubt they'll get theirs in the end.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Speaker McCarthy lays out GOP debt limit plan in Wall Street visit | CNN BusinessSpeaker Kevin McCarthy on Monday previewed what he hopes House Republicans can pass in the next few weeks to raise the debt ceiling during a speech at the New York Stock Exchange. I still don't have any numbers in front of me. Only CNN is hopeful. Usa spy ufo’s on china flash More starve the poor working people, and cut taxes on the rich parasites who don’t work. Same old right wing playbook
Source: CNN - 🏆 4. / 95 Read more »