Tesla Short Sellers Have Lost 27B Betting Against Elon Musk This Year
Intel stock fell nearly 14% in the 30 days preceding October 28, during which time the total value of the company’s shorts fell by nearly $1.35 billion, which is the biggest decrease of any top shorted stocks on the market. Short sellers bet that a company’s share price will fall, as opposed to going “long” on a stock believed to one day increase in value. Short sellers borrow shares to immediately sell when the price is high, re-buy the stock when the price is low, and pocket the difference after returning the shares to their broker (a move known as “closing a short....