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Why Is Lemonade Spiking Higher Today?

Why Is Lemonade Spiking Higher Today?

For one thing, there has been a massive rotation out of many high-growth stocks recently, and Lemonade was one of them. It's also important to realize that Lemonade is one of the most heavily shorted stocks in the market, with recent short interest at nearly 33% of the float. This could explain why although most beaten-down stocks are rallying, Lemonade is one of the best performers on Thursday.