Virgin Galactic Record-Breaking Week Doesn’t Stop Short Sellers
Virgin Galactic's VSS Unity
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Richard Branson’s Virgin Galactic Holdings Inc. may close at another record on Friday after hitting new highs every day this week, but bearish bets are climbing too.
The space-tourism company told investors last night that the spaceship VSS Unity successfully completed another test flight during its relocation to New Mexico and was on track for the final stages of its test-flight program. The New Mexico-based company is gaining for the sixth day and has climbed about 45% during this latest rally.