FactSet data showed short interest in Nikola increased by 12% to 97.4 million shares. That represents more than 35% of the floating shares.
Traders are increasingly betting against struggling electric vehicle maker Nikola . FactSet data showed short interest in Nikola increased by 12% to 97.4 million shares. That represents more than 35% of the shares available for trading. Nikola shares have taken a beating in 2022, losing roughly 67%. The stock has also fallen about 96% since hitting a closing high of $79.73 on June 9, 2020. To be sure, BTIG's Gregory Lewis thinks the stock can bounce from current levels.
is well positioned to benefit from increasing demand to decarbonize the Class 8 truck market. plans to roll out its FCEV next year and continues to develop its H2 fueling infrastructure network in North America ," Lewis said. Short interest in Carvana also rose by 10% to 34.6 million shares, or about 36% of the overall float. Investors also mounted bets against Wayfair , with short interest rising 14% to 21.2 million shares. Check out the full list of heavily shorted stocks below. .