PagSeguro Digital's (NYSE:PAGS) short percent of float has fallen 12.88% since its last report. The company recently reported that it has 5.87 million shares sold short, which is 4.26% of all regular shares that are available for trading.
Gainers
Support.com, Inc. (NASDAQ: SPRT) shares climbed 87% to $36.83 on abnormally high volume amid continued volatility. The stock has recently been mentioned as a potential short squeeze play by traders on social media.
Since October 2021, the communications sector has been lagging behind the S&P 500, and is down 36% year-to-date. As consumer discretionary spending is decreasing due to inflationary pressures, phone and internet services will likely continue to generate revenue as internet connectivity remains a priority for most people.