Short sellers will be 'undone' by bets against TD: Investment strategist - BNN Bloomberg

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As short sellers place bets against Toronto-Dominion Bank, one investment strategist said the lender has managed its risks well and Canadian banks have withstood similar short positions in the past.

, an analysis conducted by S3 Partners showed that short sellers have increased their positions against TD Bank in recent weeks.

“I think it's a play on the TD regional bank exposure that they have. But I wouldn't put as much emphasis or fear on TD’s prospects,” Petursson said. Despite the increase in bets against the Toronto-based lender, Petursson said Canadian banks have withstood similar instances in the past.

 

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$TD needs to immediately disclose the unrealized losses in their 'Held to Maturity' portfolio.

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