Kursgraf: Men andre “most shorted” starter mandagens positivt
fra Zerohedge:
Among the catalysts cited for the surge, despite continuing to impose trading curbs on GameStop, AMC and six other stocks, on Sunday Robinhood removed restrictions on 42 others (including such boring, low beta names as GM and SBUX). Even so, clients can buy only 1 share in GameStop, and as many as 10 in AMC. The popular trading app put buying limits in place last week after its clearinghouse deposit requirements for equities increased. Anger toward Citadel among WallStreetBets users only increased after Robinhood Markets imposed curbs on trading GameStop last week. Some alleged that Griffin, whose firm helps execute orders from Robinhood customers, might be behind an attempt to stamp out the rebellion of individual investors. Citadel and Robinhood both denied any involvement by the billionaire in the decision.
Among other stocks recently favored by the Reddit community, Blackberry Ltd. rose 5.3%, cannabis firm Sundial Growers Inc. gained 10% and headphones and loudspeakers retailer Koss climbed 6.3%.
Here is how some of the perkiest most-shorted names were doing this morning:
- Cinema operator AMC +24%
- American Airlines +2.7% (even though the company took advantage of the ramp on Friday to offer up to $1.1B of stock).
- BlackBerry +7.8%
- Children’s products retailer Genius Brands +3.9%
- Headphones and loudspeakers retailer Koss +6.3%
- Underwear manufacturer Naked Brand +3.6%
- Homeware retailer Bed Bath & Beyond +3.6%
- Shipping firm Castor Maritime +13%
- Airport spa operator which pivoted to Covid-19 testing XpresSpa +5%
- Cannabis firm Sundial Growers +9.4%
Not every company was up however: here are the fallers:
- Apparel retailer Express -5.8%
- Brokerage firm Siebert Financial -13%
- Fashion retailer Fossil Group -3.5
