With the emergence of retail investors on Reddit, we are seeing a large interest in shorted stocks. Investment Firms and hedge funds that manage wealth often take short positions in an effort to capitalize on falling markets by profiting on stocks or other various securities if they happen to go down in value.
Here are the top 10 shorted positions that are held by hedge funds today:
- GME - GameStop Corp.: 138%. GME is a video game, consumer electronics, and gaming merchandise retailer and the result of the historic short squeeze originating in the online forum /r/wallstreetbets
- SPCE - Virgin Galactic Holdings Inc.: 81.5%. SPCE is a spaceflight company within the Virgin Group and is the first publicly traded commercial space tourism company
- AMC - AMC Entertainment Holdings Inc.: 68.9%. AMC is a movie theater chain and is the largest theater chain in the world. AMC was another popular target of the online forum /r/wallstreetbets
- BBBY - Bed Bath & Beyond Inc.: 66.6%. BBBY is a chain of domestic merchandise retail stores that focuses on selling home furnishings, health and beauty care items and more
- LGND - Ligand Pharmaceuticals Inc.: 62.2%. LGND is a Biopharmaceutical company focusing on developing or acquiring technologies which help pharmaceutical companies find and advance medicines
- FIZZ - National Beverage Corp.: 62.5%. FIZZ is a beverage developer, manufacturer and distributor focused on flavored soft drinks
- FUBO - Fubotv Inc.: 62.1%. FUBO is a streaming television service that focuses primarily on channels that distribute live sports. This includes North American major league sports leagues such as NFL, NBA, MLB, NHL, MLS in addition to international soccer (and more)
- SPWR - SunPower Corporation: 53.6%. SPWR is an energy company that designs and manufactures crystalline silicon photovoltaic cells and solar panels
- SKT - Tanger Factory Outlet Centers: 49.7%. SKT is a real estate investment trust that invests in shopping centers containing outlet stores
- AXDX - Accelerate Diagnostics Inc.: 46.3% AXDX is an in vitro diagnostics company that is dedicated to providing solutions for antibiotic resistance and hospital-acquired infections
To help gauge stock performance, take a look at our analysts ratings page here.
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