Why Is Everyone Talking About OPKO Health Stock?
OPKO Health (NASDAQ: OPK) is a highly shorted stock -- 24% of its float is sold short. What this means is that institutions and other investors have borrowed almost a quarter of its shares and sold them on the market, in hopes of being able to profit by repurchasing them later at a lower price. The short-sellers are betting the stock will be lower in the future.
Some of my favorite stocks, what The Motley Fool calls "rule-breakers," are highly shorted companies. For instance, 67% of the float of Match Group is sold short. Carvana is also highly shorted, as is Virgin Galactic.
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Source Fool.com
