Short-Covering Frenzy More Concentrated Than Stock Moves Suggest

February 1, 2021 0 By boss

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“While Russell 2000 stocks, where many companies with high short interest are included, saw a sharp decline in their short interest in recent days, at an aggregate level of all U.S. stocks there was little change in short interest,” wrote JPMorgan’s Nikolaos Panigirtzoglou in a note Friday. “In other words, the short squeeze reflects a narrow universe of smaller U.S. stocks rather than a broader market shift.”

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