Bespoke data shows betting against the shorts has been a big winning strategy
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Short Selling Performance: The 100 most heavily shorted stocks in the Russell 3,000 have outperformed the overall market significantly, rising 66.5% since April lows compared to 29% for all stocks and 14% for the least shorted stocks.
Market Trends: A resurgence of short squeezes occurred in July, particularly with meme stocks, as investors sought quick profits amid high stock prices, highlighting a volatile trading environment.
Analyst Views on IWV
Wall Street analysts forecast IWV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IWV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 391.060
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Current: 391.060
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
