Salem Radio Network News Saturday, May 21, 2022

Business

Short sellers up about $114 billion in 2022 amid U.S. market slide -S3 Partners

NEW YORK (Reuters) – Amid the U.S. stock market’s slide to start the year, short sellers are up about $114 billion in realized and unrealized gains so far in 2022 as of Friday, or an 11.6% increase, according to financial analytics firm S3 Partners.

According to S3, 79% of money in short positions have produced profitable returns in January.

Declines in software and services stocks led to the biggest gain among industries, a 19.2% return for shorts so far this month, according to S3.

(Reporting by Lewis Krauskopf; Editing by Chris Reese)

Previous
Next

Editorial Cartoons

View More »

Gary Varvel
Mon, May 9, 2022

X CLOSE