5 Most Shorted Stocks Right Now

3. Carvana Co. (NYSE:CVNA)

Short Interest Percentage: 46.47%

Carvana Co. (NYSE:CVNA) is a car retailer headquartered in Tempe, Arizona. Short sellers were in for some bad news on August 28 as the firm’s shares soared by 8% as Carvana Co. (NYSE:CVNA) scored a win in Illinois after a bill allowed home vehicle deliveries.

By the end of this year’s second quarter, 41 out of the 910 hedge funds surveyed by Insider Monkey had held the firm’s shares. Out of these, Carvana Co. (NYSE:CVNA)’s largest shareholder is Zachary Sternberg and Benjamin Stein’s Spruce House Investment Management through an investment worth $259 million.

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