Posted 12/21/2023, 3:21:35 PM
Short Sellers Lose Billions in 2023 as Stocks Rally Despite Economic Uncertainty
- Short sellers have lost nearly $178 billion in 2023 betting against stocks
- Top losers are tech stocks like Nvidia, Tesla, and Meta amid AI hype rally
- Rally extended beyond big tech recently, hurting shorts in more speculative areas
- Heavily shorted stocks like Carvana and Affirm surged over 75% in past month
- As market sentiment shifts, shorts squeezed amid "FOMO" rally forcing buyouts to cover