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Replies to post #455 on SunPower Corporation (SPWR)
tothe
05/23/16 7:10 PM
#457 RE: TypicalSeminole #455
SPWR is up 4.3% at $16.60 today, recovering from last week's dismal price action -- which included Friday's three-year low of $15.15. Longer term, the stock has given up nearly 45% year-over-year -- a move exacerbated by the company's wider-than-predicted quarterly loss earlier this month. Short sellers, meanwhile, have been cashing in their winning bets amid SPWR's downfall. Specifically, short interest dropped 8.8% during the most recent two-week reporting periods. However, these bearish bets are still elevated, accounting for more than one-fifth of SunPower Corporation's available float.