Are you feeling blue because of the stock market crash? Don’t worry, you’re not alone! According to our sources, the Covid vaccine-maker had doubts about staying afloat. Good news for them though, they plan to cut costs and save about $50 million in the first quarter. More cuts to follow because they love to save money (who doesn’t?!).

Looks like biotech companies are feeling the heat too! Cassava Sciences and Fate Therapeutics saw their short interest increase by 10% and 26%, respectively. That’s a lot of pressure! Traders were also feeling more bearish on Cinemark and AMC Entertainment. Maybe people are finally realizing that they don’t need to pay an arm and a leg for popcorn at the movies?

Speaking of bears (and bulls?), let’s take a look at the most shorted stocks between March 15-31. Don’t worry, we only looked at the ones with a market value of at least $100 million and short positions amounting to at least 25% of their total float. So, who made the list? We have some big names like…well, we don’t want to spoil all the fun!

Serious News: cnbc