NVIDIA 3rd most shorted stock on the market according to S3 Partners data. ($18.3B bets against it)

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The parabolic surge in Nvidia shares began when the group stunned Wall Street with a revenue forecast that exceeded analysts’ forecasts by as much as 75%.

But it is now starting to show cracks in its exterior.

Nvidia shares are the third-most-shorted stock on the market, according to recent data from S3 Partners, with some $18.3 billion in bets against it.

That compares with around $20.17 billion in short interest on Microsoft (MSFT) and $18.72 billion on Apple (AAPL) . Nvidia’s short interest even exceeds that of Tesla (TSLA) , which is pegged at $17.01 billion, even though the electric-vehicle stock has fallen more than 30% so far this year.

See also  NVDA is the ticking time bomb. The numbers were a sham to begin with. They can’t sustain it. CEO sold $26M in stock.

Short-sellers bet against a company by borrowing shares and selling them. If the price of the stock declines, the short-sellers will buy back the shares at a lower price, return the borrowed stock (while paying a fee), and pocket the difference.

www.thestreet.com/investing/stocks/nvidia-shares-pose-warning-to-investors-ahead-of-key-ai-conference

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