Wolfe Research is recommending a basket of companies to short ahead of their quarterly earnings. Recent quarters have been a struggle for the firm in finding successful shorts, according to global macro analyst Rob Ginsberg. The Short Basket had notched previous notable success, and maintained an 80% hit rate through the second quarter of 2022, according to Ginsberg. Price progress has been more difficult the past nine months, though, given a more challenging macroeconomic environment.
mountain Although SunPower has a higher earnings quality rating on the Wolfe Research list, the company still has high short interest according to the report.
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