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Short sellers are having a field day betting against crypto stocks

From bnnbloomberg.ca

Traders betting against stocks have generally done well this year, with bearish wagers against crypto shares proving to be a major standout. Short sellers in digital-asset stocks have gained an average of 130 per cent in 2022, according to Ihor Dusaniwsky, head of predictive analytics at S3, a technology and data-analytics firm. By comparison, wagers against the automobile and software sectors have returned about 50 per cent, while retailing, media and entertainment have seen gains of about 46 per cent each. “None of these industries can hold a candle to short sellers in the crypto sector,” wrote Dusaniwsky in a note ... (full story)

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  • Category: Fundamental Analysis