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Wednesday, 08/09/2023 10:29:05 AM

Wednesday, August 09, 2023 10:29:05 AM

Post# of 195050
Short sellers have lost more than $175 billion betting against US stocks after investor mania for AI fueled an unexpected tech rally.
The surge in tech stocks led to $175.2 billion in mark-to-market losses for short sellers year-to-date, with $53.5 billion of it stemming for July alone. According to data from S3 Partners, only 30% of every shorted stock was a profitable trade for investors this year.
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