Zoom Video Communications (ZM) is the third largest short in the Application Software Sector behind Salesforce.com (CRM) and Trade Desk (TTD) with active short selling ahead of its earnings results and a 206% rally in 2020. We follow 341 stocks in the Application Software Sector with $45.5 billion of total short interest. ZM short interest is $2.24 billion with 9.15% of its float shorted.
Immunomedics Inc (IMMU) stock price is down 29% in mid-morning trading as its lead drug, Sacituzumab Govitecan, failed to get FDA approval. Short interest is $533 million, 29.49 million shares shorted, 18.29% of its float, stock borrow cost is 30 bps.
Lululemon Athletica Inc (LULU) shares short selling is increasing along with its stock price. Shares shorted has increased by 969k, +17%, in 2019 even as LULU’s stock price is up 17% on the year. The trend continues as we are seeing continued short selling over the last week even as LULU breaks through the $140/level for the first time since November 2018. Shares shorted increased by 395k, +6.7%, as LULU’s stock price rose by 4.6%.
iShares iBoxx High Yield Corporate Bond ETF (HYG) short interest is $6.71 billion, 84.25 million shares shorted, 55.72% of the float.
It is the fourth most shorted ETF in the U.S. behind SPY, QQQ and IWM.
Consumer DiscretionaryCorporateEquitiesS3 ResearchSectorsUncategorized
MINDBODY, Inc (MB) short sellers will be looking to have their chakra’s realigned after incurring $130 million in mark-to-market losses on MB’s +65% stock price spike on Monday. MB’s stock price rose by $14.11/share on private equity firm’s Vista Equity Partners’ $1.9 billion, $36.50/share, buyout offer. MB short interest is $331 million, 9.24 million shares shorted or 22.48% of its float.
NIO Inc (NIO US) short interest is 41.3 million shares short, 5.37% of shares outstanding and $317.98 million at risk wagering on a stock price decline.
Referred to as the “Tesla of China”, the Shanghai-based company manufactures and sells autos, offering electric vehicles, parts, and battery charging services.
Barclay’s iPath S&P 500 VIX Short Term ETN (VXX) and iPath S&P 500 VIX Medium Term ETN (VXZ) are scheduled to mature after a volatile 10 year run with a final redemption date of January 30, 2019. ETN’s differ from ETFs as they are basically debt instruments with set maturity dates when the instrument expires and its “principal” or NAV is redistributed back to the long note holders versus an ETF which is a portfolio of assets with no defined maturity date.