The Wall Street sign is seen outside the New York Stock Exchange (NYSE) in New York, February 16, 2021.
Brendan McDermid | Reuters
Short-term stocks have been in the forefront in recent weeks, after a flood of retail investment led to rising prices for GameStop and others.
GameStop shares rose to $ 325 a share at the end of January as Reddit-inspired retailers WallStreetBets accumulated, creating a short cut in hedge funds with substantial short positions relative to equities. Since then, the stock price has dropped and is now trading at just over $ 40.
Short selling is a trading strategy that allows investors to capitalize on the depreciation of a stock by borrowing a stock and selling it at current market value, in order to redeem them at a lower price in the future.
GameStop was the shortest stock on the market, with 138% of its shares floating in short positions, but the rising stock price forced a number of short sellers to close their positions, in some cases with substantial losses.
According to FactSet data, the video game for bricks and mortar remains the seventh shortest in the state, with a short interest rate at 39.29% of the company’s float.
Here is a list of the other shortest shares traded on the New York Stock Exchange and Nasdaq Composite.