An American Airlines Boeing 777-323ER arrives at LAX on January 13. (Photo by AaronP/Bauer-Griffin) GC ImagesMaybe betting against American Airlines isn’t such a hot idea after all. American shares opened Wednesday at $15.52 and had gained 17% by Thursday’s close. On Friday, American sought to benefit from the share price gain, entering into an agreement to sell up to $1.1 billion worth of new shares. The percentage of short interest in American Airlines shares far outpaces that of its competitors.

Source: Forbes January 29, 2021 15:11 UTC