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2024-12-28 00:04
The U.S. market experienced a generally strong performance in 2024, with the three benchmark averages (DJI), (SP500), (COMP:IND) rising across the board.
However, bearish sentiment persists for certain stocks, as short interest continues to climb for companies such as Beyond Meat (NASDAQ:BYND), Kohl's (NYSE:KSS), Groupon (NASDAQ:GRPN), and others.
For reference, short interest in the stock market refers to the total number of shares of a stock that have been sold short but not yet covered or closed out, indicating the level of bearish sentiment or speculation on a specific company. See the 10 most shorted U.S. stocks below:
Most Shorted Stocks on Wall Street
No. 10: Groupon (GRPN), short interest of 27.72%.
No. 9: Sphere Entertainment Co. (SPHR), short interest of 28.31%.
No. 8: Luminar Technologies (LAZR), short interest of 28.86%.
No. 7: Wolfspeed (WOLF), short interest of 30.21%.
No. 6: Altimmune (ALT), short interest of 32.95%.
No. 5: EVgo (EVGO), short interest of 33.41%.
No. 4: Cassava Sciences (SAVA), short interest of 35.67%.
No. 3: Kohl's Corporation (KSS), short interest of 37.32%.
No. 2: Medical Properties Trust (MPW), short interest of 38.35%.
No. 1: Beyond Meat (BYND), short interest of 43.17%.
Moreover, see how each of the above 10 stocks fare when compared by Seeking Alpha’s Quant ratings.
Seeking Alpha's Quant system is driven by powerful computer processing and SA's special 'Quantamental' analysis. It awards grades to stocks based on collective value, growth, profitability, earnings per share revisions, and price momentum metrics.
SA Quant Ratings: GRPN 4.08, SPHR 2.68, LAZR 1.05, WOLF 1.13, ALT 2.74, ECGO 3.21, SAVA 2.50, KSS 2.68, MPW 1,17, and BYND 2.90.
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