"This report is written by someone who is short on DraftKings stock with an incentive to drive down the share price," DraftKings said in a response to Hindenburg's report.
Hedge fund Mudrick Capital took a hit on its call options amid a surge in share prices of AMC Entertainment.
Melvin Capital sold all its publicly listed put options in the first three months of the year, including GameStop and AMC.
"You can decide how you want to play it, from the long side or the short side," said the CEO of Tuttle Capital Management.
GameStop tweeted a photo last week of an astronaut on the moon, marked with the company logo. It later deleted it.
The hedge fund lost 53% in January, gained 22% in February, and then slid another 7% in March.
The Muddy Waters boss doubted whether retail investors could pull off another GameStop-level short squeeze.
Months after a short squeeze sent shares soaring more than 1,600%, GameStop's stock remains extremely volatile, the company told investors.
Short-seller Andrew Left said the heavily-shorted auto-insurance company is a disruptive tech company at a bargain price. Root jumped nearly 20%.
Short-sellers have tripled their bearish bets against SPACs since the start of the year to $2.7 billion from $724 million, according to S3 Partners.
"The GameStop controversy revealed how the Wall Street game is rigged in favor of big hedge funds and giant corporations," Senator Elizabeth Warren said.
The gain for Melvin Capital came after Gabe Plotkin's hedge fund lost 53% in January when day-traders targeted its short positions.
"How many times should we let the same share be shorted? I think there's an argument that the answer should be one," Tenev said.
A short squeeze refers to a stock rise in price, adversely affecting investors who’d expected a decline. Signs of an imminent short squeeze include heavy buying or a high amount of a stock’s shares being sold short. Buy-limit orders and hedging strategies offer short-sellers some protection against a short squeeze. […]
Short selling means selling stocks you’ve borrowed, aiming to buy them back later for less money. Traders often look to short-selling as a means of profiting on short-term declines in shares. The big risk of short selling is that you guess wrong and the stock rises, causing infinite losses. Visit […]
A horde of casual traders congregating in online forums forced the hands of hedge funds, shocked Wall Street, and sparked a national conversation around the power of the retail investor. Shares of GameStop, AMC, and other highly shorted companies surged through January and remain at elevated levels as day traders […]
BioCryst Pharmaceuticals jumped to a 5-year high on Monday, fuelled by spiking interest from Reddit investors. The stock closed 39% higher after surging as much as 41% in intraday trading. The move followed a post on the r/WallStreetBets subreddit that called the company “the most undervalued stock in the market.” […]