It seems like the pain for Applied Optoelectronics’ (AAOI) shareholders isn’t over yet. The stock is down by over 50% over the last year but, in spite of this drastic downtrend, latest data reveals that short interest in the scrip surged by about 11% in the last reporting cycle. This intensifying selling pressure, along with the company's lackluster financial performance and pricey valuation, suggests that Applied's shares can fall further. Let's take a closer look at it all.
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The Data
Applied Optoelectronics garnered a lot of attention across investing forums