The most shorted financial stocks convey conflicting outlooks, suggesting a divide might occur. Consider trading these financial stocks short sellers are targeting!
Shares of Chinese online broker Zhong Yang Financial jumped 240% in its first trading day. The stock opened at $25, up 400% from its offer price, amid a quiet year for initial public offerings.
Shares of Hanover Bancorp dropped below the company's IPO offer price in the first day of trading. The stock had jumped over 4%, but it gave back those gains. Meanwhile, ProFrac closed out the week with a deal that priced below its targeted range.
Hanover Bancorp, Inc. (NASDAQ:HNVR) opened up its shares for public trading for the first time since it filed for IPO in February 2022. The company agreed to initially offer 1.27 million shares to the public at a $21.00 per share.
