Big shorters are betting $6.9B against MicroStrategy stocks

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Michael Saylor’s software intelligence firm MicroStrategy has a net short position hedged against it.

Short-sellers have wavered this year as MTSR skyrocketed 469% over the past six months, though a few major institutions are holding out hope for a correction.

It is just over a billion less than Amazon’s highest net short position, $3.59 billion. Overall, the highest net short position within the United States is on the SPDR S&P 500 Trust exchange-traded fund , amounting to $114.06 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines