Top Companies To Short As Stock Market Optimism Dips

There’s much uncertainty around the world right now, with the economy and with the rise of … [+] coronavirus cases in several states. Getty

After our first real selloff, we have some buying this morning with markets recovering some of Thursday’s massive losses. However, it looks uneasy, at best. There is still too much uncertainty around the world right now, and with some states reopening, a rise in coronavirus cases has followed. For those looking to bet against the upward trend our Artificial Intelligence (“AI”) technology paired with our deep learning algorithms have identified several Top Shorts today.

Cocrystal Pharma Inc is first on the list, and our AI systems have assigned factor scores of C in Technical, D in Momentum Volatility, C in Quality Value. The company is in the clinical stage biotechnology space, discovering and developing novel antiviral therapeutics that target the replication machinery of influenza viruses, hepatitis C viruses, and noroviruses, but has been on the Top Short list before. The stock is up 94.44% year-to-date, but the 1-year losses of -50.42% are much more telling of the company’s prospects going forward.

Price of Cocrystal Pharma Inc compared to its Simple Moving Average YCharts

Next up on the Top Short list is another biotechnology company in Cardiff Oncology Inc. They are in the clinical-stage oncology therapeutics industry, treating patients with leukemia, lymphoma, and solid tumor cancers. However, the prospects seem bleak at this time and should be shorted from current levels, according to our deep learning algorithms. The stock has been assigned factor scores of F in Technical, F in Momentum Volatility, C in Quality Value and has gained 103.2% for the year after a recent spike higher. Treat that level as an opportunity to get short, not long.

Price of Cardiff Oncology Inc compared to its Simple Moving Average YCharts

Electrocore Llc is a commercial stage bioelectronic medicine company, with a platform for non-invasive vagus nerve stimulation therapy. Our deep learning algorithms have identified the struggling company as a Top Short today, even after the stock has lost 35.78% for the year. Factor scores of D in Technical, C in Growth, D in Momentum Volatility, C in Quality Value have been assigned to the company from our AI systems.

Price of electroCore Inc compared to its Simple Moving Average YCharts

Inspired Entertainment Inc has some of the worst factor scores today, with ratings of F in Technical, F in Growth, D in Momentum Volatility, C in Quality Value from our AI technology. The company is in gaming technology based in the US, with a core business involving the development of virtual sports and server-based gaming systems. Its two business segments have been struggling as of late and the stock is down 59.62% for the year. Look for the downside momentum to continue as our deep learning algorithms recommend a short position here.

Price of Inspired Entertainment Inc compared to its Simple Moving Average YCharts

Our final Top Short today is KemPharm Inc, a clinical-stage specialty pharmaceutical company engaged in the discovery and development of proprietary prodrugs, believed to improve on versions of widely prescribed, already approved drugs. The stock, however, tells the story here. It has already lost 53.33% year-to-date, but longer returns are far worse. The one-year loss of over 86% is giving a short lifespan left to this company, and our AI technology is recommending a short position here. Factor scores of C in Technical, D in Growth, D in Momentum Volatility, C in Quality Value are not uplifting, unsurprisingly.

KemPharm Inc price compared to its Simple Moving Average

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