shortselling – Business Insider Australia

Markets Feb. 24, 2021, 11:00 AM

Robinhood CEO says shorting the same shares over and over causes a ‘runaway chain reaction’ – and it’s worth looking at setting a limit

"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.

Markets Jan. 27, 2021, 7:21 AM

GameStop short-sellers have lost $5 billion this year as Reddit’s day-trader army squeezed their bearish bets

GameStop short-sellers have lost $US5 billion betting against the stock in 2021, S3 Partners said. Losses totaled roughly $US867 million on Tuesday alone as the stock rallied over 73%. GameStop rocketed after Reddit traders put the squeeze on hedge fund shorts. Watch GameStop trade live here. As investors and hedge […]

Markets Aug. 7, 2019, 10:41 PM

Short-seller Carson Block just called this Woodford-backed firm ‘Enron-esque’ — and the stock plunged 51%

Short-seller Carson Block attacked Burford Capital on Wednesday, spurring investors to halve the British litigation financier’s stock price, wiping $US1.5 billion from its market capitalisation. Block’s Muddy Waters research firm accused Burford of manipulating performance metrics, misleading investors, lacking portfolio strength, being short of cash, and misgovernance. Burford said that […]

Markets Mar. 29, 2019, 3:53 AM

German payments-company Wirecard is suing the Financial Times for its coverage

The German payments-company Wirecard is suing the Financial Times over its investigative reports into its business practice, according to Reuters. Wirecard has been the focus of a series of articles in the Financial Times which the company alleges used and misrepresented business secrets. The Financial Times’ reporting has hit Wirecard’s […]