Short sellers are betting more than $1 trillion against US stocks after big run

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US short interest this month rose to the highest level since April 2022, as investors bet that the current bull run in stock market is set to falter.

According to data from S3 Partners, the amount spent by short sellers against US stocks hit $1.02 trillion, as of Friday. Those bets came even as the continued to rally earlier this month, costing short sellers $101 billion.

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S3 data shows that the top shorts are Tesla, Apple, Microsoft, Nvidia, and Amazon. As of Friday, their collective short interest topped $83 billion.

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The bearish sentiment results from skepticism on how much higher stocks can go. So far this year, the S&P 500 is up 13.5%, and the Nasdaq is up 29%.

https://markets.businessinsider.com/news/stocks/short-sellers-tech-stocks-bull-market-tesla-apple-nvidia-microsoft-2023-6


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