Upstart Hldgs's (NASDAQ:UPST) short percent of float has fallen 6.65% since its last report. The company recently reported that it has 24.34 million shares sold short, which is 34.81% of all regular shares that are available for trading.
As of the close of business on Thursday, 9/22, we captured the Top 10 Highest Short Interest % stocks within the Financial Services Sector.
The average short interest for stocks within the Financial Services sector stands at 1.55%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
This year has been brutal for SoFi Technologies Inc (NASDAQ: SOFI) and other lenders, as investors grow increasingly concerned about the negative impact rising interest rates will have on lending, margins and revenue growth.
U.S. stocks closed sharply lower with the Nasdaq Composite dipping more than 5% on Tuesday. Here is the list of some big stocks moving lower in the previous session.
Gainers
Akero Therapeutics, Inc. (NASDAQ: AKRO) shares jumped 136.8% to settle at $29.05 on Tuesday after the company's Phase 2b HARMONY study met its primary endpoint for both the 50mg and 28mg EFX dose groups.
Gainers
Micro Focus International plc (NYSE: MFGP) shares surged 92% to close at $6.01 on Friday after the company reached an agreement with OpenText to be acquired for $6 billion.