5 Most Shorted Stocks in 2024

4. Children’s Place Inc (NASDAQ:PLCE)

Float Shorted: 57.10%

New Jersey-based apparel company Children’s Place Inc (NASDAQ:PLCE) is down 63% year to date through April 8.

In February, the stock jumped after Children’s Place Inc (NASDAQ:PLCE) secured a $78.6 million interest-free financing from its majority shareholder Mithaq Capital.

Choice Equities made the following comment about The Children’s Place, Inc. (NASDAQ:PLCE) in its Q3 2023 investor letter:

“Other core holdings continue to trade at attractive valuations. The Children’s Place, Inc. (NASDAQ:PLCE) looks set to generate nearly half its market cap in cash this year and is trading at a mid-20s free cash flow yield on sustainable cash flow levels.”