BYND - Top 10 most shorted stocks on Wall Street include Carvana Beyond Meat and more
2023-06-22 12:14:19 ET
The major market averages trade significantly higher on the year as investors approach the halfway point of 2023. However, not every stock finds itself on easy street with some market participants shorting popular names.
As a frame of reference, short interest refers to the number of shares that have been sold short on a specific stock and remain outstanding. Market participants usually look at short interest as a barometer to gauge the current sentiment of an underlying position.
See below the top 10 stocks with the current highest short interest stakes on Wall Street:
Top 10 Stocks with the Highest Short Interest
No. 10: Fisker Inc. ( FSR ), short interest 35.05% .
No. 9: Cutera, Inc. ( CUTR ), short interest 35.36% .
No. 8: Bowlero Corp. ( NYSE: BOWL ), short interest 36.24% .
No. 7: Theravance Biopharma ( TBPH ), short interest 36.34%.
No. 6: Novavax ( NASDAQ: NVAX ), short interest 36.87% .
No. 5: Big Lots ( BIG ), short interest 40.74% .
No. 4: Janux Therapeutics, Inc. ( JANX ), short interest 43.59% .
No. 3: Beyond Meat ( BYND ), short interest 45.44% .
No. 2: Carvana Co. ( NYSE: CVNA ), short interest 64.05% .
No. 1: MoonLake Immunotherapeutics ( MLTX ), short interest 75.15% .
Year-to-date price action: FSR -20.3% , CUTR -61.9% , BOWL -14.1% , TBPH -2.1% , NVAX -21.9% , BIG -46.2% , JANX -12.9% , BYND +1.4% , CVNA +425.9% , and MLTX +138.6% .
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Top 10 most shorted stocks on Wall Street include Carvana, Beyond Meat, and more