Published on 22 Apr 2023 on Insider Monkey via Yahoo Finance

10 Stocks Targeted By Short Sellers Recently

In this piece, we will take a look at ten stocks targeted by short sellers recently. For more stocks, head on over to 5 Stocks Targeted By Short Sellers Recently.

A curious outcome of the turmoil ushered in by the coronavirus pandemic was the historic tussle between retail and institutional investors. The pandemic made major stock market indexes tumble in the double digits and created an economic crisis that reminded many of the Great Recession of 2008. To help people during the crisis, the U.S. government stepped in and started giving generous stimulus checks to people so that they could make rent and put food on their tables. Another side effect of this was that retail investors were flush with cash and they started pouring funds into the stock market.

According to data from the Nasdaq's economic research division, before the pandemic, retail investing in the stock market had accounted for a tiny portion of all stocks traded in U.S. markets, with total weekly buying sitting at just $1 billion. During the pandemic, however, this more than doubled to account for more than $2 billion in stock purchases per week. In terms of daily traded volume, between March 2020 - the first stock market crash - and February 2022, retail volume stood at a whopping $175 billion on average. During this time period, daily retail value traded jumped to touch almost $3 billion during the meme stock frenzy, where stocks saw their fortunes rise and fall at the mercy of social media platforms such as Reddit and Twitter.