Semi shorts down $18 billion in mark-to-market losses in 2023, S3 Partners says

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

NEW YORK : Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market losses for the year to date, including $7.2 billion in losses since last week's rally in Nvidia's stock, according to financial data firm S3 Partners.Nvidia's shares are up about 28 per

NEW YORK : Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market losses for the year to date, including $7.2 billion in losses since last week's rally in Nvidia's stock, according to financial data firm S3 Partners.

"The Semiconductor sectors have been an investing desert for short sellers," S3 Partners analysts wrote in the report this week. Nvidia has had the largest increase in short covering in the past 30 days, while Advanced Micro Devices has had the largest increase in short selling in that period.

 

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

 /  🏆 6. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines