Thursday, 28 Jan 2021 09:30 PM MYT
LONDON, Jan 28 — Short-sellers are sitting on estimated losses of US$70.87 billion from their short positions in US companies so far this year, data from financial data analytics firm Ortex showed today. Chasing shorted companies became a trend among retail traders, rippling across US markets and Europe. Ortex data showed that as of yesterday, there were loss-making short positions on more than 5,000 US firms.
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