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Short Sellers Target Best Stock of 2024
APPApplovin(APP) Schaeffers Investment Research·2025-02-26 19:43

Group 1 - AppLovin Corp (NASDAQ:APP) has experienced a significant decline of 13.9%, trading at 324.52,followingnegativereportsfromFuzzyPandaResearchandCulperResearch,whichaccusedthecompanyofdatatheftandexploitingapppermissionsforunauthorizedinstallations[1]−ShortinterestinAppLovinhasincreasedby12.9324.52, following negative reports from Fuzzy Panda Research and Culper Research, which accused the company of data theft and exploiting app permissions for unauthorized installations [1] - Short interest in AppLovin has increased by 12.9% over the last reporting period, with 14.10 million shares sold short, representing 6.1% of the equity's available float [1] - Despite being the best-performing stock of 2024, AppLovin could face its seventh consecutive daily drop and the largest single-day percentage loss since December, having pulled back from an all-time high of 525.15 on February 13 [2] Group 2 - Options trading activity for AppLovin has surged, with 120,000 calls and 85,000 puts traded, which is three times the typical volume for this period, indicating heightened interest [3] - The most popular option is the weekly 2/28 300-strike put, where new positions are being opened, suggesting traders are positioning for further volatility [3] - AppLovin has historically outperformed options traders' volatility expectations, as indicated by a Schaeffer's Volatility Scorecard (SVS) rating of 85 out of 100 [3]