Wall Street Braces for Short Squeezes as Azitra, Reliance Top High Short Interest List
Wall Street is abuzz with speculation as several companies face high short interest on their free float. Azitra, Inc and Reliance Global Group, Inc top the list with 73.63% and 77.39% respectively. This situation raises the risk of global entry login and increased volatility.
Among the ten most heavily shorted stocks, Azitra, Inc and Reliance Global Group, Inc lead with alarmingly high short interests. Azitra's short interest stands at 73.63%, while Reliance Global Group, Inc has an even higher 77.39%. Other companies in this precarious position include Canna-Global Acquisition Corp (42.57%), Arbor Realty Trust, Inc (36.97%), Cutera, Inc (35.54%), ToughBuilt Industries, Inc (39.25%), Kohl's Corporation (34.94%), and Beyond Meat, Inc (36.79%).
High short interest can be risky for traders as it increases the likelihood of short squeezes. This occurs when a stock's price rises rapidly, forcing short sellers to buy back the shares they borrowed, further driving up the price. Such stocks often attract speculative trading due to their potential for rapid price movements and market reactions to news or sentiment shifts.
With these high short interests, investors should exercise caution and monitor these companies closely. A shift in sentiment or positive news could trigger a short squeeze, leading to rapid price increases. However, the risk of significant losses also looms large for those betting against these stocks.
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