The Short List: Current Top 10 Most Shorted Stocks
Reasons for Short Selling: Traders short stocks to either bet on a decline in value or to profit from potential short squeezes, where rising prices force short sellers to buy back shares, creating a feedback loop of increasing demand.
Characteristics of Heavily Shorted Stocks: Stocks become heavily shorted when experienced traders believe they are overvalued, indicating serious risks, while retail traders may see high short interest as an opportunity for quick gains.
Top Heavily Shorted Stocks: As of November 26, 2025, the most shorted stocks include The Wendy's Co. (WEN) at 55.36% short interest, followed by Cambium Networks Corp. (CMBM) and Lucid Group, Inc. (LCID).
Risks and Volatility: While short squeezes can lead to significant gains, they come with high risks and volatility, necessitating careful monitoring and due diligence by traders.
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- Stock Performance: Intelia Therapeutics shares increased by 2% following a positive development in their clinical trial results.
- Clinical Trial Focus: The trial is centered on gene therapy for treating heart disease, specifically targeting a gene associated with the condition.
- Clinical Trial Progress: Intellia Therapeutics announced that the FDA has lifted the clinical hold on its phase 3 MAGNITUDE trial for transthyretin amyloidosis with cardiomyopathy (ATTR-CM), resulting in a 12% stock price increase on Monday, reflecting renewed market confidence in the drug.
- Historical Context: The clinical holds were imposed in October due to observed Grade 4 liver transaminase elevations and increased total bilirubin in a patient treated with nex-z, but both the MAGNITUDE and MAGNITUDE-2 trials have had their holds lifted, indicating progress in addressing safety concerns.
- Partnership Dynamics: The development of nex-z is in collaboration with Regeneron Pharmaceuticals, highlighting a joint effort to provide new treatment options for patients suffering from hereditary transthyretin amyloidosis with polyneuropathy, which could enhance patient outcomes.
- Financial Performance: Intellia reported a GAAP EPS of -$0.83 for Q4 2025, beating expectations by $0.12, while revenue reached $23.02M, exceeding forecasts by $10.85M, showcasing the company's potential in research and market expansion.
- FDA Lifts Clinical Hold: The FDA has lifted the clinical hold on Intellia's MAGNITUDE trial, allowing the company to continue evaluating the efficacy and safety of nex-z in patients with transthyretin amyloidosis, which accelerates the advancement of its treatment options.
- Trial Enrollment Plans: Intellia aims to complete enrollment of approximately 1,200 patients in the MAGNITUDE trial and 60 patients in the MAGNITUDE-2 trial, ensuring data integrity and smooth trial progression, thereby laying the groundwork for future drug approval.
- Positive Stock Reaction: Intellia's shares rose 8.85% on Monday, reflecting a strong market reaction to the FDA's decision, with a 20% increase over the past 12 months indicating a favorable long-term trend for the company.
- Optimistic Analyst Ratings: The stock carries a Buy rating with an average price target of $19.73, with Chardan Capital and HC Wainwright & Co. maintaining and raising their targets, indicating strong market confidence in Intellia's future developments.
- FDA Lifts Clinical Hold: The FDA's decision to lift the clinical hold on Intellia Therapeutics' MAGNITUDE Phase 3 trial allows the company to continue its research on transthyretin amyloidosis with cardiomyopathy (ATTR-CM), resulting in a nearly 10% surge in pre-market shares.
- Enhanced Safety Measures: Intellia has agreed with the FDA to implement new safety monitoring protocols, including closer liver function monitoring, short-term steroid treatment if necessary, and stricter patient screening to ensure the trial's safety and efficacy.
- Patient Exclusion Criteria: Under the new measures, patients with liver issues or serious heart instability will be excluded from the trial, a strategy aimed at reducing potential side effect risks and increasing the likelihood of clinical trial success.
- Trial Scale and Objectives: The MAGNITUDE trial is set to enroll approximately 1,200 patients to evaluate the safety and effectiveness of a single dose of nexiguran ziclumeran (nex-z) compared to placebo, potentially offering new hope for ATTR-CM treatment.
- Clinical Trial Advancement: Intellia Therapeutics announced that the FDA has lifted the clinical hold on its MAGNITUDE Phase 3 trial, allowing the continuation of research on nexiguran ziclumeran (nex-z) for patients with transthyretin amyloidosis with cardiomyopathy, marking a significant advancement in treatment development.
- Patient Safety Measures: To ensure patient safety, Intellia has aligned with the FDA to implement measures including enhanced monitoring of liver function and exclusion of patients with certain liver abnormalities, which will help mitigate potential risks and improve the likelihood of trial success.
- Trial Scale and Design: The MAGNITUDE trial aims to enroll approximately 1,200 patients using a randomized, double-blind, placebo-controlled design, primarily assessing a composite measure of cardiovascular-related events, which is expected to provide critical data support for the treatment of ATTR-CM.
- Market Potential: Based on CRISPR technology, if successful, nex-z could become the first one-time treatment for ATTR-CM, presenting significant market potential and substantially enhancing Intellia's competitiveness in the biopharmaceutical sector.
- Clinical Trial Progress: Intellia completed enrollment of 80 patients in the HAELO Phase III trial in Q4 2025, demonstrating strong patient and physician interest in lonvo-z, with market research indicating that 99% of surveyed patients would consider using the drug, highlighting its significant market potential.
- Improved Financial Position: As of December 31, 2025, Intellia reported $605.1 million in cash and cash equivalents, which is expected to be sufficient to support the company through key milestones in the second half of 2027, indicating financial stability.
- Regulatory Update: The FDA lifted the clinical hold on MAGNITUDE-2 in January 2026, allowing resumed enrollment, reflecting positive regulatory progress, although liver safety concerns remain a critical issue to monitor.
- Commercial Strategy Development: The CFO stated plans to continue scaling the sales and reimbursement teams, finalizing distribution models and pricing strategies, with a projected U.S. launch of lonvo-z in the first half of 2027, demonstrating the company's proactive market readiness.



