NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says

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Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotia - Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected profit forecast for the next two years sent shares surging, data from Ortex show.

A strong performance by the NYCB stock, if sustained over the next few weeks, could help ease some of the pressure and encourage more long-term investors to return.Hicksville, New York-based NYCB said it was close to selling $5 billion of assets. Its earnings per share forecasts for 2025 and 2026 were also far above analysts' expectations, according to LSEG data.

 

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