Home » today » Business » The collapse of tech stocks on the stock market makes short sellers happy

The collapse of tech stocks on the stock market makes short sellers happy

The bursting of the Nasdaq and Wall Street speculative bubble marked the return to center stage of short sellers. Traders and hedge funds betting on falling stocks are posting profits of $215.6 billion this year, according to the latest estimates from S3 Partners on behalf of Institutional Investor.

Last year the US stock market euphoria caused short sellers to lose $150 billion. By 2020, they had already lost $245 billion, including nearly $38 billion on Tesla.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.