These are the most heavily shorted names on Wall Street, including one electric vehicle maker

These are the most heavily shorted names on Wall Street, including one electric vehicle maker

Traders are increasingly betting against struggling electric vehicle maker Nikola. FactSet data showed short interest in Nikola increased by 12% to 97.4 million shares. That represents more than 35% of the shares available for trading. Nikola shares have taken a beating in 2022, losing roughly 67%. The stock has also fallen about 96% since hitting … Read more

Expedia, Block, Lyft and more

Expedia, Block, Lyft and more

Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block … Read more