Intel stock is trading at its lowest point since May 2019. Bad news for shareholders, sure, but the company’s short sellers are likely over the moon — unlike Tesla’s. 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…
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Tesla short sellers have lost B betting against Elon Musk this year
Source: The Next Web
