In just a few days since the ride-hailing company’s long-awaited initial public offering, Lyft shares have become the second-largest short in the U.S....
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.
“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.Stock loan supply is beginning to stabilize, according to S3.
Lyft shares have sputtered since initially beginning IPO day on a high note. The company priced shares at $72, at the high end of an upwardly revised range, and shares saw an early pop in their first day of trading Friday before settling down.
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