Short Seller Bets on Stock Drops Lifting Prices – ABC News(Stock Trading News)
Investors who are bearish on MarineMax, called short sellers, have borrowed its shares from brokers and sold them, pocketing the proceeds. That means short sellers are facing losses, not profits, and are under pressure to quickly unwind the transactions to limit future losses. A market where stock prices are rising is generally good, but not if it’s due to technicalities like squeezes that could soon peter out, sending prices down and walloping investors who bought while they were climbing. According to Bespoke, the 50 companies in the Standard & Poor’s 500 with the highest concentration of shares held by short sellers rose 59. read more
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