The most heavily shorted stocks on Wall Street include three electric vehicle-related names

📆 27/04/2023 21:34:00
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These increases in short interest come as all three stocks have taken a beating this year.

Electric-vehicle stocks Fisker , Workhorse and Blink Charging have struggled mightily in 2023. Traders are betting those companies will keep falling. Short interest on Fisker increased by 12% to 68 million shares from March 31 to April 14, FactSet data shows. That's nearly 40% of Fisker's free float of shares, or the stock available for trading.

mountain BLNK in 2023 Another heavily shorted stock in the EV sector is Mobileye Global . The company, which develops software for assisted and autonomous driving, has roughly 24% of its shares sold short. On Thursday, it fell more than 20% after Mobileye cut its full-year revenue guidance. Artificial intelligence company C3.ai also saw an 11% spike in short interest, with 31 million of its shares sold short.

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