Diamonds and Dogs
American Airlines (AAL) is the latest heavily shorted stock to move higher. American is up 9% following dismal earnings as sales fell 64% year over year. American is in a tough position losing money every quarter as the debt mounts.
Easy come, easy go. AMC Entertainment (AMC) and GameStop (GME) are down 48% and 28% respectively as Robinhood and other investment firms are no longer taking buy orders for these and several other highly shorted stocks. Not sure that is a good strategy long term.
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