All articles tagged with #short position
Investor Michael Burry has taken a $1.1 billion short position against AI stocks like Nvidia and Palantir amid a global tech selloff, raising concerns about a potential market correction as major indices and tech stocks decline sharply.
Citron Research has announced a short position in MicroStrategy, the largest corporate holder of bitcoin, citing a detachment from bitcoin fundamentals despite a recent surge in bitcoin prices. MicroStrategy's shares fell over 8% following the announcement, even as bitcoin prices approached $100,000 after Donald Trump's presidential election victory. Citron expressed respect for MicroStrategy's Executive Chairman Michael Saylor but suggested the company's stock is overheated. MicroStrategy has been actively raising capital to acquire more bitcoin, including a recent $2.6 billion debt offering.
Shares in fintech company Tingo dropped after short seller Hindenburg Research took a short position, claiming that the company's business model was "built on lies". Tingo, which provides loans to small businesses in Brazil, denied the allegations and said it would take legal action against Hindenburg.
Billionaire activist investor Carl Icahn admits he was wrong to take a massive short position on the market that lost $9 billion, including $1.8 billion in 2017 and $7 billion between 2018 and Q1 2023. Icahn's investing arm, Icahn Enterprises, used a strategy of shorting broad market indexes, individual companies, commercial mortgages, and debt securities. Icahn also addressed margin loans he borrowed from IEP, which were recently highlighted by short-seller Hindenburg Research in a report accusing the company of inflating asset values.
Hindenburg Research has opened a short position in Icahn Enterprises bonds, days after accusing Carl Icahn of running "Ponzi-like" structures. The move comes as Icahn's firm posted a surprise first-quarter loss and disclosed that it had been contacted by US prosecutors. Icahn Enterprises did not address any of the key issues flagged in the May 2 report, according to Hindenburg. Shares of Icahn Enterprises are down nearly 40% since Hindenburg's report was first released earlier this month.
Hindenburg Research announced a new short position in Icahn Enterprises (IEP) bonds, causing the stock to drop roughly 5%. This comes after Hindenburg revealed a short position in IEP common shares on May 2. Icahn Enterprises also disclosed that a federal probe into its business began the day after Hindenburg’s first short report. Billionaire activist-investor Carl Icahn responded to Hindenburg via a statement, but Hindenburg clapped back on Thursday, specifically targeting Icahn’s personal loans taken out using IEP shares as collateral.