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Best Stocks To Short Today As September Sell-Off Continues

Markets continued their downward spiral over the last 3 weeks, and opened firmly in the red spooking investors across the globe. The Dow dropped 626 points or 2.3%, the S&P 500 dropped around 2%, and the Nasdaq dropped 1.9%. All sectors across the board were firmly in the red, but there were several laggards leading the market’s decline, and several catalysts to the drop. With the UK considering another national lockdown, recovery stocks such as Airlines and Cruise Lines were battered and again led the laggards. Additionally, the passing of Supreme Court Justice Ruth Bader Ginsburg could seriously hamper and complicate the passing of a second stimulus package before the November elections, something which is crucial to a broader market rally and recovery. European equities, namely the bank stocks, also led the markets downwards. A new bombshell report showed that many European banks were complicit in money laundering. Deutsche Bank led the way amongst bank laggards and opened down over 8%. Electric Vehicle maker Nikola also inflicted significant pain on the markets after their Executive Chairman abruptly resigned, and was down as much as 25%, while continued tensions with China and TikTok also continued to impose negative pressure on Tech stocks. For investors looking to make sense of this wild market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Shorts. Our Artificial Intelligence ("AI") systems assessed each firm on parameters of Technical, Growth, Momentum Volatility, and Quality Value to find the best short plays.

Bandwidth Inc (BAND)

The first on our list of Top Shorts today from our AI systems is IP communications company Bandwidth Inc. Our AI systems have assigned Bandwidth ratings of D in Technical, D in Growth, C in Momentum Volatility, and D in Quality Value. The stock closed up 3.08% to $154.68 on volume of 1,476,547 vs its 10-day price average of $147.96 and its 22-day price average of $152.61, and is up 140.86% for the year. Revenue grew by 15.14% in the last fiscal year and grew by 64.34% over the last three fiscal years, and Operating Income grew by -37.17% in the last fiscal year. Revenue was $232.59M in the last fiscal year compared to $162.96M three years ago, Operating Income was $(17.42)M in the last fiscal year compared to $15.09M three years ago, EPS was $0.1 in the last fiscal year compared to $0.37 three years ago, and ROE was 1.32% in the last year compared to 15.68% three years ago. Forward 12M Revenue is also expected to grow by 6.18% over the next 12 months.

Simple Moving Average of Bandwidth Inc (BAND)

Cerence Inc (CRNC)

Making a return to our list of Top Shorts is automotive tech company Cerence Inc. Our AI systems have rated Cenrece C in Technical, D in Growth, F in Momentum Volatility, and F in Quality Value. The stock closed down 4.05% to $54.68 on volume of 1,058,456 vs its 10-day price average of $54.21 and its 22-day price average of $53.92, but is up 140.88% for the year. Revenue grew by 6.07% in the last fiscal year and grew by 31.46% over the last three fiscal years, and EPS grew by 44.78% over the last three fiscal years. Revenue was $303.32M in the last fiscal year compared to $244.73M three years ago, Operating Income was $36.2M in the last fiscal year compared to $66.28M three years ago, EPS was $2.76 in the last fiscal year compared to $1.3 three years ago, and ROE was 9.73% in the last year. Forward 12M Revenue is expected to grow by 8.22% over the next 12 months, while the stock is trading with a Forward 12M P/E of 38.16.

Simple Moving Average of Cerence Inc

Pinterest Inc (PINS)

Social media platform Pinterest Inc for the second day in a row, is on our list of today’s Top Shorts. Our AI systems have given Pinterest ratings of F in Technical, C in Growth, F in Momentum Volatility, and F in Quality Value. The stock closed up 0.79% to $36.88 on volume of 23,454,470 vs its 10-day price average of $35.72 and its 22-day price average of $35.52, and is also up 96.17% for the year. Revenue grew by 7.11% in the last fiscal year and grew by 158.86% over the last three fiscal years, Operating Income grew by -69.22% in the last fiscal year, and EPS grew by -78.13% in the last fiscal year, and grew by -31.08% over the last three fiscal years. Revenue was $1142.76M in the last fiscal year compared to $472.85M three years ago, Operating Income was $(1388.87)M in the last fiscal year compared to $(137.93)M three years ago, EPS was $(3.24) in the last fiscal year compared to $(1.03) three years ago, and ROE was (93.9%) in the last year. Forward 12M Revenue is also expected to grow by 15.75% over the next 12 months.

Simple Moving Average of Pinterest Inc (PINS)

Macerich Co (MAC)

Shopping Center REIT Macerich Co is fourth on our list of Top Shorts. Our AI systems have rated the company C in Technical, F in Growth, D in Momentum Volatility, and F in Quality Value. The stock closed down 4.1% to $7.49 on volume of 8,758,913 vs its 10-day price average of $7.72 and its 22-day price average of $7.76, and is down 71.11% for the year. Revenue was $976.43M in the last fiscal year compared to $1057.44M three years ago, Operating Income was $255.12M in the last fiscal year compared to $298.46M three years ago, EPS was $0.68 in the last fiscal year compared to $1.02 three years ago, and ROE was 3.41% in the last year compared to 3.85% three years ago.

Simple Moving Average of Macerich Co (MAC)

Plug Power Inc (PLUG)

Our final Top Short of the day is no stranger to this list, and has been one of our Top Shorts several times now. That would be electrical equipment manufacturing company Plug Power Inc. Our AI systems have given the company D ratings across the board: D in Technical, D in Growth, D in Momentum Volatility, and D in Quality Value. The stock closed up 5.61% to $13.56 on volume of 27,641,930 vs its 10-day price average of $12.36 and its 22-day price average of $12.72, and is showing signs of overheating as it is up 318.52% for the year. Revenue grew by 12.93% in the last fiscal year and grew by 159.61% over the last three fiscal years, while Operating Income grew by -31.37% over the last three fiscal years, and EPS grew by -18.09% in the last fiscal year and grew by -50.92% over the last three fiscal years. Revenue was $230.24M in the last fiscal year compared to $100.15M three years ago, Operating Income was $(50.04)M in the last fiscal year compared to $(101.79)M three years ago, EPS was $(0.36) in the last fiscal year compared to $(0.6) three years ago, and ROE was (100.44%) in the last year compared to (150.33%) three years ago. Forward 12M Revenue is also expected to grow by 8.64% over the next 12 months.

Simple Moving Average of Plug Power Inc (PLUG)

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