With the markets continuing their upward momentum, it remains to be seen whether this is all a pandemic façade or whether the rally is for real. The S&P 500 is up over 40% from its lows on March 23 in the face of double-digit unemployment, oil prices going negative, US and China tensions, and global protests. Quite the juxtaposition. Thankfully, our deep learning algorithms have used Artificial Intelligence (“AI”) technology to identify several top short positions today.
If you followed our top shorts yesterday, you know that we have identified several biotechnology companies as possible sells. Today the trend continues, with Heat Biologics Inc atop the list. Our AI systems have identified factor scores of D in Technical, C in Growth, D in Momentum Volatility and C in Quality Value for the company that is a US-based immune-oncology company. The stock has an impressive gain this year of 67.89%, but our deep learning algorithms think this is too far, too fast for the micro-cap company with a market cap of 69.4 million.
In the financial services industry is where we find our next top short. Capital One Financial Corp
Another micro-cap company with a market-cap of only $43.7 million has been identified as a top short today in Guardion Health Sciences Inc. The company is in specialty health sciences, formed to develop, formulate, and distribute condition-specific medical foods. The stock has done extremely well this year, gaining 134.95%, but looks to be overbought at these levels. Our AI system has applied factor scores of B in Technical, F in Growth, F in Momentum Volatility and F in Quality Value to the company.
Our final top short today is EyePoint Pharmaceuticals Inc, a pharmaceutical company that develops and commercializes ophthalmic products for the treatment of eye diseases. The stock has not done well this year, losing 45.68%, a trend that our AI system thinks will continue. It has been given factor scores of C in Technical, F in Growth, F in Momentum Volatility and F in Quality Value.