Carvana (CVNA) is up again as much as 33% on Thursday after gaining 111% over the previous five sessions. The used car platform’s shares are up 282% year-to-date.
As the markets rallied in January, speculative growth shares have also taken off, with short sellers covering their positions in heavily shorted stocks like Carvana. CVNA’s short interest comprises around 65% of the float.
The company, once a pandemic darling, laid off workers last year in an effort to cut costs and preserve cash….
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