All articles tagged with #shorting
Originally Published 11 days ago — by CNBC
Renowned investor Michael Burry clarified that he is not shorting Tesla, despite calling its stock 'ridiculously overvalued,' and recent delivery estimates suggest a potential decline in Tesla's vehicle sales, amid a volatile year for the company.
Originally Published 2 years ago — by Investor's Business Daily
Short interest on a dozen meme stocks in the Roundhill Meme Stock ETF is now at a lofty 10% of shares outstanding, which is roughly five times higher than the average short interest on S&P 500 stocks. However, these investors are facing significant losses as meme stocks continue to soar, with the 25 stocks in the meme ETF up an average of 133% this year. Stocks like Carvana, Upstart Holdings, and AMC Entertainment, which have high short interest, have seen substantial gains despite being overvalued and expected to lose money. The risky strategy of shorting meme stocks is proving to be a dangerous game for investors.
Originally Published 2 years ago — by CoinDesk
Shorters betting against Pepe Coin (PEPE) have lost at least $11 million in the past 24 hours as the token's valuation jumped to $900 million. The warnings of an impending collapse due to the number of whales who purchased PEPE in mid-April did not come to fruition, and the token has gained 500% in the past two weeks. Funding rates in perpetual futures tied to the token remain negative, indicating the dominance of bearish positions in the derivatives market.
Originally Published 2 years ago — by The Daily Hodl
Crypto analyst Nicholas Merten is shorting Bitcoin as he believes the recent surge is a relief rally trap and "over-exuberance" is spreading through the crypto markets. Merten thinks Bitcoin is likely running up against resistance at the $29,000 to $32,000 level and could decline in value soon. He believes Bitcoin is most likely following a similar pattern that started in June 2021, when it began a rally to a new all-time high and then collapsed. Bitcoin is trading at $30,470 at the time of writing, down nearly 1.50% in the last 24 hours.