- The market's down day notwithstanding, buyers of Align Technology (ALGN -3.7%) are in short supply. Shares have been in a downtrend for a month, giving up 11% of their value. Investors are apparently concerned that President-elect Donald Trump's proposed border tax will crimp earnings. The company manufactures its dental appliance in Mexico and sells it here. Almost 61% of its Q3 revenues were generated in the U.S.
- Short interest is 3.3% of shares outstanding. Most sell-side shops rate the stock a Buy with price targets ranging from $95 - 114 (4 - 25% upside).
- Source: Bloomberg