Shares of J.C. Penney (NYSE: JCP) tumbled last month as the malaise in the retail sector continued to batter the department store chain. Though Penney itself did not have any significant bad news to report, shorts piled into the stock as predictions for the company and the sector continue to go south.
Image source: J.C. Penney.
According to data from S&P Global Market Intelligence, the stock fell 12.7% last month.