-
Short Sellers Have Lost Nearly $1.3B On DraftKings, Penn National
Friday, September 18, 2020 - 12:10pm | 464Penn National Gaming, Inc (NASDAQ: PENN) shares are up another 23.5% in the past week in anticipation of Friday’s launch of the new Barstool Sportsbook app. Online and sports gambling stocks Penn and Draftkings Inc (NASDAQ: DKNG) have been on fire in 2020, and S3 Partners analyst Ihor...
-
Why A Nikola Short Squeeze Could Be Coming 'Very Soon'
Tuesday, September 15, 2020 - 11:53am | 601Volatility in Nikola Corporation (NASDAQ: NKLA) continued on Tuesday following reports that the SEC is investigating the company in response to allegations by Hindenburg Research that Nikola is an “intricate fraud.” On Monday, S3 Partners analyst Ihor Dusaniwsky said volatility...
-
Peloton Short Seller Losses Approach $600M In 2020 Following Blowout Q4
Friday, September 11, 2020 - 3:49pm | 455After Peloton Interactive, Inc.'s (NASDAQ: PTON) blowout fourth-quarter report, S3 Partners analyst Ihor Dusaniwsky said traders can expect the year-long short squeeze in Peloton to continue for now. The stock is up more than 200% in 2020. On Thursday, Peloton reported 172% revenue...
-
Nikola Short Sellers Pocket $51M On Hindenburg Sell-Off
Friday, September 11, 2020 - 10:25am | 544Nikola Corporation (NASDAQ: NKLA) shares dropped 9.5% on Thursday following a report from short seller Hindenburg Research alleging the company is an “intricate fraud.” Nikola short sellers initially took a massive hit earlier this week when Nikola announced a new partnership with...
-
Tesla Short Sellers Add To $7.1B In September Profits
Tuesday, September 8, 2020 - 12:01pm | 495The great month of September continued for Tesla Inc (NASDAQ: TSLA) short sellers on Monday after the stock tanked another 15.8% in its first trading day since the stock was passed over for inclusion in the S&P 500 index. After hitting new all-time highs of $502.49 last week following its first...
-
Is Tesla Stock The 'Largest Single Bubble' In History?
Wednesday, August 26, 2020 - 6:00pm | 741Tesla Inc (NASDAQ: TSLA) gained another 6.4% to hit new all-time highs on Wednesday, once again without any major news from the company. Tesla has plenty of skeptics with the stock up 900% in the past year despite reporting a 4.9% drop in revenue last quarter. Seabreeze Partners Management...
-
Short Sellers Target Crowdstrike
Monday, August 24, 2020 - 1:30pm | 406Crowdstrike Holdings Inc (NASDAQ: CRWD) has been a volatile but strong performer in 2020, gaining 125.2% year to date. One of the drivers of Crowdstrike’s volatility in recent months has been short-selling activity, and S3 Partners analyst Ihor Dusaniwsky recently said short sellers are...
-
Short Sellers Piling Into GSX Techedu Following Fraud Accusations
Thursday, August 20, 2020 - 3:55pm | 518Chinese online education stock GSX Techedu Inc (NYSE: GSX) is down 34.1% since Aug. 6, largely due to reports from short sellers Citron Research and Muddy Waters Research accusing the company of being a fraud. According to S3 Partners analyst Ihor Dusaniwsky, GSX was the most aggressively...
-
DGAZF Short Sellers Lose $2B On Black Swan Blowout
Monday, August 17, 2020 - 10:16am | 473Investing always carries a certain degree of risk, but short selling can be particularly risky given potential losses are limitless. Most of the time, extreme short-term losses are purely theoretical, but short sellers of the VelocityShares Daily 3x Inverse Natural Gas ETN (OTC: DGAZF) recently...
-
MLB's COVID-19 Struggles May Halt DraftKings Short Squeeze
Monday, August 3, 2020 - 5:51pm | 448Draftkings Inc (NASDAQ: DKNG) shares are now down 6.5% in the past week after Major League Baseball’s opening weeks of play have been far from smooth. Miami Marlins games have been postponed after 21 players tested positive for COVID-19, and the St. Louis Cardinals games were also placed...
-
Pinterest Short Sellers Are Getting Crushed
Monday, August 3, 2020 - 2:15pm | 482Pinterest Inc (NYSE: PINS) shares are up another 7% on Monday and are now up 45.6% overall in the past two trading sessions after the company reported 4% revenue growth and 49 million new users in the second quarter. Global monthly active users were up 39% compared to a year ago. While Pinterest...
-
Big Tech Stocks Among The Most Shorted In The Market
Friday, July 31, 2020 - 9:51am | 486Big tech stocks Apple, Inc. (NASDAQ: AAPL), Facebook, Inc (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) traded mostly higher on Friday after the company’s earnings reports exceeded expectations across the board. Despite these stocks’...
-
Kodak Short Sellers Are Getting Obliterated
Thursday, July 30, 2020 - 11:40am | 495Eastman Kodak Company (NYSE: KODK) shares gained another 19% in early Thursday trading and are now up a whopping 1,780% since last Friday’s close. The massive move came in response to the company securing a $765 million loan from the U.S. government to produce generic drug ingredients under...
-
Semiconductor Short Sellers Take $800M Hit From AMD Earnings Beat
Thursday, July 30, 2020 - 10:51am | 476Advanced Micro Devices, Inc. (NASDAQ: AMD) shares jumped 12.8% following the company’s second-quarter earnings beat this week. Semiconductor stocks traded higher in sympathy with AMD, and short sellers took a major beating. In fact, semiconductor short sellers took an $800.3 million paper...
-
Is Now The Time To Short Tesla's Stock?
Friday, July 24, 2020 - 1:35pm | 486Tesla Inc (NASDAQ: TSLA) shares took another big hit on Friday and are now down 9.8% since the company reported second-quarter earnings on Wednesday. The sell-off has eased some pressure of a short squeeze in the stock that has endured throughout 2020, and some traders are speculating now may...