Netflix short sellers see 2019 wiped out amid Q3 earnings, stock surge - Business Insider

Short sellers — which aim to make money by wagering that a stock will fall — erased all of their gains for the year after shares of Netflix surged as much as 8% on Thursday following its latest earnings beat. The stock alsoThat amounted to a roughly $287 million bloodbath for short sellers — a $44 million mark-to-market loss on Wednesday, plus a $243 million on Thursday.

Netflix shorts are now down more than $238 million in mark-to-market losses this year, according to data from financial analytics provider S3 Partners. Further, shorts have absorbed a $645.5 million loss for the month of October alone, S3 said in an email to Markets Insider.

Bojack wins

The decision makers at Netflix always seem to shoot themselves in the foot immediately following amazing, breakthrough ideas and profits- that eventually have negative financial impact to customers. 🙄 ComeOn Netflix

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