When you’re analyzing a stock, take note of short-interest ratio data and exorbitant short interest rates. Traders can learn about the general market sentiment around a company by looking at what short-sellers are trading.
The following are the stocks with the highest short interest on the stock exchange this week.
1. AMC Entertainment Holdings Inc. – 16.23%
AMC Entertainment Holdings Inc. (NYSE: AMC). This is the world’s biggest movie theater chain. This company was founded in 1920, and controls the majority of the US theater market.
This stock last closed at a price of $24.50 with a 52-week high of $72.62.
2. Carvana Co. – 16.05%
Carvana Co. (NASDAQ: CVNA). This organization is a leading e-commerce company that sells used vehicles using a user-friendly technology platform. Carvana gives car buyers a better method to buy a car by allowing them to browse used automobiles online and apply for financing.
This stock last closed at a price of $241.00 with a 52-week high of $376.83.
3. Wayfair Inc. – 15.41%
Wayfair Inc. (NYSE: W). This is a furniture and home-goods e-commerce firm based in the United States. Wayfair Inc is headquartered in the United States and sells furniture and household products.
This stock last closed at a price of $244.14 with a 52-week high of $369.00.
4. American Airlines Group Inc. – 15.27%
American Airlines Group Inc. (NASDAQ: AAL). This is one of the world’s major airlines, with headquarters in Fort Worth Texas. It was founded on December 9, 2013, when AMR Corporation and US Airways Group merged.
This stock last closed at a price of $21.47 with a 52-week high of $26.09.
5. Avis Budget Group Inc. – 14.61%
Avis Budget Group Inc. (NASDAQ: CAR). This organization is in the business of providing vehicle sharing and rental services. Warren E. Avis created the company in 1946, and it is based in Parsippany, New Jersey.
This stock last closed at a price of $253.27 with a 52-week high of $545.11.
Final Short Interest Thoughts
Anyone might find learning how to invest in the stock market difficult. Traders have been increasingly targeting companies with strong short interest in an attempt to drive hedge funds out of the market.
Contact a financial advisor if you need assistance getting started with investing in any stocks that interest you on the market.
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