Tag

Shortsellers

All articles tagged with #shortsellers

finance1 year ago•1 min saved

Super Micro Computer Surges Amid AI Stock Rally, Short Sellers Hit Hard

Super Micro Computer's stock surged 53% this week, causing $1.4 billion in losses for short sellers. The rise follows the company's hiring of BDO as its new auditor and plans to comply with Nasdaq listing rules after previous accounting issues. A positive mention from Nvidia's CEO also boosted investor confidence. Despite the increase, SMCI stock remains 73% below its 52-week high, with analysts maintaining a consensus Hold rating.

via TipRanks|

#finance #nasdaq #nvidia

business-and-finance2 years ago•4 min saved

"Short Sellers Endure $195 Billion Loss in 2023, with Tesla Leading the Painful Bets"

In 2023, short sellers betting against Tesla incurred the highest losses compared to any other company, totaling $12.2 billion. Despite Tesla's stock value doubling and the overall market performing well, with the S&P 500 up 22%, short sellers faced significant challenges, particularly with Tesla, which remains a contentious stock due to its high valuation relative to sales and market capitalization. Critics continue to debate Tesla's future, with some expecting a downturn due to various business challenges, while supporters see it as a disruptive tech company rather than just an automaker. Elon Musk, known for his disdain for short sellers, has had a contentious relationship with them, often accusing them of spreading misinformation.

via CNN|

##business-and-finance #elonmusk