$Carvana (CVNA.US)$ Carvana is up again as much as 33% on Fe...

Carvana is up again as much as 33% on Feb 2 after gaining 111% in the previous 5 sessions. The used car platform's shares are up 282% ytd.

Short sellers are covering their positions in heavily shorted stocks like Carvana. CVNA's short interest comprises around 65% of the float.

"Based on my 4th quarter expectations, I expect them to lose USD 2b in 2022 on the bottom line," said Douglas Arthur, managing director at Huber Research Partners.

Despite this year's gains, CVNA is still trading about 95% lower than its closing high of USD370.10 in Aug 2021.