3 SPACs That Short-Sellers Are Targeting
Just ask anyone betting that selling physical video games out of retail stores during a deadly pandemic is a terrible business to be in. At the same time, the market for special-purpose acquisition companies (SPACs) has cooled significantly in recent months, with investors shunning speculative stocks fetching lofty valuations. Here are three companies -- that have already closed their SPAC mergers or are preparing to -- that the shorts have been targeting and have the highest short interest as a percentage of float, according to recent data from short-selling analytics specialist S3 Partners.
