Short Sellers Were Right About These 5 Stocks

1. Allbirds, Inc. (NASDAQ:BIRD)

Number of Hedge Fund Holders: 10

Float Shorted: 50%

Decline in Share Price Over Past Two Months: 47%     

Allbirds, Inc. (NASDAQ:BIRD) makes and sells footwear and apparel products. At the end of the fourth quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $19 million in Allbirds, Inc. (NASDAQ:BIRD). 

On January 24, JPMorgan analyst Matthew Boss lowered the price target on Allbirds, Inc. (NASDAQ:BIRD) stock to $17 from $21 and kept a Neutral rating on the shares, noting that exiting the pandemic could prove more challenging to firms like Allbirds than entering it given “rising wages, inflationary raw material and input cost pressures”. 

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