These names had short positions amounting to at least 25% of their total float at the end of March, according to FactSet.
Traders have upped their bets against several biotech companies, including the beleaguered Novavax. Short interest in Novavax increased more than 13% to 37.8 million shares, or about 45% of the total float, between March 15-31, according to data compiled by FactSet. The float refers to the stocks available for trading. The Covid vaccine-maker raised doubts in February about its ability to stay afloat.
Other biotech companies that saw growing short interest are Cassava Sciences , with a 10% increase, and Fate Therapeutics , which saw a 26% boost. That brought both names to about 30% of float. Meanwhile, bluebird bio had a 29% increase in its short interest to 26% of float. Traders were also increasingly bearish on two movie chains. Cinemark and AMC Entertainment both saw increases in their short position to 28% and 27% of their respective floats.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
McCarthy seeks to reassure Wall Street amid stalled debt-limit negotiationsMcCarthy took to Wall Street today in his latest effort to rally House Republicans around a strategy to lift the debt limit. “We are seeing in real time the effects of reckless government spending, record inflation and the hardship it causes,” he said.
Read more »
U.S. ambassador visits Wall Street Journal reporter Evan Gershkovich in Russian prisonU.S. Ambassador to Russia said that she had visited detained American journalist Evan Gershkovich in a Moscow prison more than two weeks after he was arrested.
Read more »
McCarthy to Wall Street: GOP Will Hold Economy Hostage to Cut Aid Programs'McCarthy went to Wall Street to spread Republicans' message to billionaires and corporate executives: They want hardworking families to pay the cost of keeping the government up and running,' said SenWarren.
Read more »
Wall St slips as Fed seen hiking rates in May; State Street sinksU.S. stocks slipped on Monday after strong data on manufacturing activity in New York state supported the case for another interest rate increase in May, while investors awaited more quarterly reports to gauge the health of corporate America.
Read more »
Speaker McCarthy lays out GOP debt limit plan in Wall Street visit | CNN BusinessSpeaker Kevin McCarthy on Monday previewed what he hopes House Republicans can pass in the next few weeks to raise the debt ceiling during a speech at the New York Stock Exchange.
Read more »