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Actionable news in UA: UNDER ARMOUR Inc,

Traders: These heavily shorted stocks could rally

A few heavily shorted stocks have rallied this year, and some "Fast Money" traders believe those names could keep climbing.

Short sellers have taken interest in shares of Tesla Motors, Under Armour and Darden Restaurants, all of which are up for the year. Traders said those stocks' success could continue.


Tesla shares rose nearly 4 percent Wednesday in the wake of strong orders for its new Model 3 vehicle. The electric automaker has now received at least 230,000 reservations for the car.

CEO Elon Musk said this week on Twitter that shorting Tesla is "probably unwise." Trader Dan Nathan believes the stock may continue to rally.

It has...