The most overbought stocks in the consumer discretionary sector present an opportunity to go short on these overvalued companies. Here’s the latest list of major overbought players in this sector.
Barnes & Noble Education's (NYSE:BNED) short percent of float has fallen 23.4% since its last report. The company recently reported that it has 660 thousand shares sold short, which is 1.44% of all regular shares that are available for trading.
Farfetch's (NYSE:FTCH) short percent of float has risen 3.64% since its last report. The company recently reported that it has 27.57 million shares sold short, which is 9.11% of all regular shares that are available for trading.
Imago BioSciences's (NASDAQ:IMGO) short percent of float has fallen 3.48% since its last report. The company recently reported that it has 3.43 million shares sold short, which is 13.61% of all regular shares that are available for trading.
Relmada Therapeutics's (NASDAQ:RLMD) short percent of float has fallen 8.99% since its last report. The company recently reported that it has 2.77 million shares sold short, which is 9.31% of all regular shares that are available for trading.
Meihua Intl Medical Techs's (NASDAQ:MHUA) short percent of float has fallen 20.0% since its last report. The company recently reported that it has 12 thousand shares sold short, which is 0.16% of all regular shares that are available for trading.
Prenetics Global's (NASDAQ:PRE) short percent of float has fallen 22.86% since its last report. The company recently reported that it has 202 thousand shares sold short, which is 0.27% of all regular shares that are available for trading.