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As US markets continue to rally, short-selling US stocks hit the lowest level on record.

As US markets continue to rally, short-selling US stocks hit the lowest level on record, according to Business Insider.

Goldman Sachs data showed that short-interest in the S&P 500 hit 1.8 percent at the start of August. At the beginning of 2020, short interest was at 2 percent and has averaged 2.4 percent over the past 15 years. Goldman has tracked short-interest since 2004, and 1.8 percent is the lowest level on record.

Although, it's really not a surprising fact. After the S&P 500 bottomed out at 2237.40 in late March, it rallied 52 percent to close at a record high last week. If you were short-selling during that time, you probably got burned. As a matter of fact, mark-to-market losses on short positions now total $383.5 billion since the March bottom.

However, some investors have fared even worse. Traders short-selling Amazon have lost $4.6 trillion since the stock is up 78 percent year-to-date. Tesla short-sellers have seen the stock jump 380 percent since March.

However, short-sellers are still present. Famous short-seller Andrew Left is shorting Chinese stock GSX Techedu. Billionaire short-seller Jim Chanos has made close to $100 million with his bets against Wirecard.

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