Will LCI turn out like AMC
Investors eye most shorted stocks right now for potential AMC meltup
Jun. 02, 2021 2:54 PM ETBLNK, CLOV...By: Clark Schultz, SA News Editor22 Comments
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A monster rally in some Reddit favorites has investors looking back over the list of the most heavily shorted stocks.
On the Nasdaq, stocks with a high level of short interest include Workhorse Group (WKHS +13.9%), Clover Health Investments (CLOV +9.7%), Blink Charging (BLNK +6.7%) and Arcimoto (FUV +9.6%).
On the NYSE, stocks with a high level of short interest include GEO Group (GEO +4.9%), Revlon (REV +11.5%), Lannett (LCI +5.5%), Virgin Galactic (SPCE +8.7%) and QuantumScape (QS +7.0%).
On the AMEX, both CEL-SCI Corporation (CVM +6.1%) and Senseonics Holdings (SENS -3.3%) trade with a high level of short interest outstanding.
The focus on stocks with a high short interest skyrocketed in January when the Reddit crowd helped launch a GameStop rally. There is some speculation that hedge funds are trying to frontrun some of the latest Reddit-inspired breakouts.
Meme favorites like AMC Entertainment and Bed Bath & Beyond are also seeing blistering rallies today.
