Why These Shorted Stocks Rose Over 40% in the Past 30 Days?
Hi, tigers! I’m back with the latest short interest data.
This time we focus on the shorted stocks(over 20% float shorted) with excellent 30-day performance.
$Root, Inc.(ROOT)$, a tech insurer, rose over 400% after it released Q4 and full-year results on February 22nd.
EPS of -$1.68, beating consensus by $1.06. Revenue of $195 million, beating by $68 million.
While the medical imaging company $Nano-X Imaging Ltd.(NNOX)$ remains little known beyond its niche market, the recent revelation of Nvidia’s investment has significantly boosted the stock.
$Iovance Biotherapeutics, Inc.(IOVA)$ reaches a 52-week-high ahead of earnings and then fell after it posted a loss of $0.45 per share, lower than estimates consesus. After the decline, the stock is still trading higher than the starting point of under $10.
$Celsius Holdings, Inc.(CELH)$ jumped 20% on the day it reported strong earnings.
Q4 revenue spiked 95% to a Q4 record of $347.4 million.
$Carvana Co.(CVNA)$ , the used car retailer, surged 47% since its first-ever profit.
Net income of $450 million for 2023, increasing by 128%. The stock has been heavily shorted and has 34.8% float short interest.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
