Netflix Making New Lows

Shares of Netflix NFLX are hitting new intra-day lows, falling 2.85% to $265.14. The stock has been on fire recently, gaining almost 16% in just the last month. Bearish sentiment has been rising, however, and Netflix still has a very large percentage of its float sold short. Continued weakness in the name could potentially result in significantly lower prices as more shorts pile on.