In June, short sellers placed $20 billion more against the US stock market. In June 2022, the short interest fell by $73.5 billion MoM to $908.1 billion. Shorting tech companies has cost investors $36 billion in the last two years. According to S3 Partners, as of June 30, short sellers have earned a gain of 30% for the year. S3 Partners Research claims that traders who shorted Tesla, Amazon, and Apple made more than $1 billion in profit in June. In June, short sellers added $6.3 billion to their positions against the SPDR S&P 500 ETF Trust. Doll has lowered his wagers against some equities that he previously thought were expensive. According to some analysts, the market still has “enough more downside.”
Insider Monkey highlights the 10 most shorted stocks to watch in July. A pioneer of lidar sensors, MicroVision, Inc. is situated in Redmond, Washington. The business is a leader in laser technology based on microelectromechanical systems. The stock price increased, reaching a peak of $20.50 in March 2021 from 18 cents in March 2020. The past year has seen no revenue for PMV Pharmaceuticals, Inc., and the firm is not anticipated to turn a profit in the following three years. The company is a desirable target for short sellers as a result of these fundamentals. The Morristown, New Jersey-based biotech company Intercept Pharmaceuticals, Inc. specializes in producing synthetic bile acids to treat chronic liver conditions. The corporation has a significant short interest because regulatory approval is still being processed. Conn’s, Inc. is experiencing substantial macroeconomic challenges as a result of rising interest rates and inflation. In order to address these problems, the company has developed a store-within-store concept and an internal lease-to-own platform. A company called Beyond Meat, Inc. is situated in Los Angeles and produces meat alternatives made from plants. Piper Sandler’s Michael Lavery assigned the business an Underweight rating and a $12 target price with a 62.4 percent potential downside. For more details, click 10 Most Shorted Stocks To Watch In July.
