Short Sellers Beware: Cathie Wood's Move Is a Green Flag for Archer Aviation Stock

Short sellers built up their position in Archer Aviation stock (NYSE:ACHR) stock over the past few weeks. The number of shares sold short in the electric vertical takeoff and landing (eVTOL) stock grew from 180 million at the end of January to over 240 million at the end of March. Days to cover, or the theoretical number of days it would take short sellers to cover their position now stands at nine days (anything over seven is considered a lot).Archer Aviation stock has fallen 10% during that time, seemingl ...