3 Heavily Shorted Coronavirus Vaccine Stocks
Do you like to go against the grain? Buying shares of heavily shorted stocks could be right up your alley. These are stocks that some investors are so pessimistic about that they borrow shares to sell. Their bet is that the stock will fall so they can buy at a lower price to give the shares back to the lender.
With all of the hype about the race to develop coronavirus vaccines, it's not surprising that short-sellers have piled on some of the stocks of biotechs with COVID-19 vaccine candidates. But if these companies have good news, there could be a short-squeeze scenario where the stocks skyrocket as short-sellers scramble to cover their positions. Here are the three most heavily shorted coronavirus vaccine stocks right now.
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Source Fool.com
