Enovix Corporation
NASDAQENVX utilization surges to 96.79%, near the 52-week high of 100%, indicating acute scarcity of shares to borrow. Availability plummets to 5.69%, down 51.5% in one week, making short positions increasingly difficult to establish or maintain.
Enovix has delivered a rare piece of good news for bulls this week: shorts are retreating. That retreat, however, is happening against a backdrop that still looks hostile — a JP Morgan downgrade, a wall of short…
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