W3Schools

The Ratings Game: Lyft short-sellers are in ‘overdrive’ after IPO

In just a few days since Lyft Inc.’s long-awaited initial public offering, the ride-hailing company’s shares have become the second-largest short in the U.S. trucking sector.

That’s according to Ihor Dusaniwsky, managing director of financial analytics firm S3 Partners, who wrote Wednesday that Lyft LYFT, +1.30% short-sellers have “gone into overdrive,” shorting more than 38% of the 32.5 million share float.

“We can expect Lyft to be a significant short in the market for long time, especially with analysts already posting ‘sell’ recommendations less than a week after its IPO,” Dusaniwsky said.

Don’t miss: Lyft stock a ‘sell’ on valuation concerns, Seaport Global says

>>> Original Source <<<

Comentários