🎁Most Shorted Stocks | Will UPST Continue to Suffer or Rebound Amid Year-End Rally?
Hi, tigers! I’m back with the latest short interest data.
Let’s look at the most-shorted stocks and guess whether they will experience short squeeze or not.
$Tivic Health Systems, Inc.(TIVC)$, health tech company, jumped 80% as investors bet on its earnings but then lost over 10% after report on 15th Nov.
$Ebix(EBIX)$, software and e-commerce services company, also ranked as the top 5 most-shorted stocks in October. It rose over 50% after earnings on 15th Nov.
$Fisker Inc.(FSR)$, EV automaker, continues to go down after earnings on 13th Nov.
$Beyond Meat, Inc.(BYND)$, the popular target among shorters, gains 15% in Nov.
$Upstart Holdings, Inc.(UPST)$, AI-backed fintech company, was heavily shorted after earnings miss on 7th Nov.
Will short squeeze happen?
Which stock do you expect to rebound?
Leave your comments and repost to win tiger coins!
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🌟🌟🌟$Upstart Holdings, Inc.(UPST)$ is a leading AI platform designed to improve access to affordable credit while reducing the risks and costs of lending for their banking partners. Upstart's platform uses AI to more accurately identify risk and approve more applicants than the traditional credit score based lending models.
Upstart has been one of the most volatile tech stocks. Its All Time High was USD 390. In contrast the lowest closing price in the past 52 weeks was just USD 11.93.
However things are looking better for Upstart. It is now up 107% year todate.
Upstart's 3Q23 earnings results showed that it was EBITDA positive for the 2nd straight quarter. Adjusted EBITDA was USD 2.3 million up from (USD 14.4) million in the previous year quarter. 3Q23 adjusted EBITDA margin was 2% of total revenue, up (9%) in the previous year quarter.
Upstart is a business that is currently on a rise after a difficult period in its history. Its losses are expected to be lower in the next 12 months.
Upstart has also recently obtained a new line of USD 2 billion in funding for its loans from its lending partners. This has given more confidence to investors.
Wall Street Analysts are bullish on Upstart as they expect its earnings to grow at a compounded rate of over 100% over the next 3 to 5 years. Together with receding interest rates and a favourable stock market, Upstart can rise by as much as USD 200 per share by 2025.
Upstart has lots of upside potential fuelled by its AI lending platform. I will be putting it on my watchlist to see how it progresses.
@Meme_Tiger @TigerStars @MillionaireTiger @Tiger_comments @TigerClub @Tiger_SG
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Great ariticle, would you like to share it?
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