Most Shorted Stocks: Willl NVAX Aim Higher After Jumping 45% This Month?
As of May 15, 33.97% of $Novavax(NVAX)$ shares were shorted. NVAX has risen 45% this month.
This pharmaceutical company has strong meme stock attributes, often rallying during meme stock resurgences. $Novavax(NVAX)$ frequently ranks among the most shorted stocks.
Besides Novavax, $B. Riley(RILY)$ and $Children's Place(PLCE)$ are also regulars on the short interest list, meaning they may experience short squeezes when at low points with high short interest.
If you are an investor who enjoys arbitrage opportunities, keep an eye on $Novavax(NVAX)$ during meme stock resurgences.
According to the latest short interest data (as of May 15), the top five most shorted stocks are $SunPower(SPWR)$ , $MicroCloud Hologram Inc.(HOLO)$ , $Children's Place(PLCE)$ , $B. Riley(RILY)$ , and $Biomea Fusion, Inc.(BMEA)$ .
Which meme stock always experiences a short squeeze?
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