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Title: Mega-investors punished with $70 BILLION LOSSES as GameStop and other shorted firms see stock surge – data analysts
Source: [None]
URL Source: https://nationalpreview.com/mega-in ... see-stock-surge-data-analysts/
Published: Jan 29, 2021
Author: Mike Rivero
Post Date: 2021-01-29 14:48:56 by Horse
Keywords: None
Views: 1223
Comments: 32

Short-selling investors lost a staggering $70.8 billion this month, according to financial data analytics firm Ortex. Their losses were partly driven by small traders pumping money into stocks like GameStop.

Short-sellers lost $70.87 billion on US companies this year so far, according to analysis from Ortex reported by Reuters on Thursday. To put the loss in perspective, $70.87 billion is half a billion dollars more than the GDP of Slovenia, according to CIA statistics.

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Begin Trace Mode for Comment # 6.

#6. To: All (#0)

Would somebody please just sum up this GameStop business.... please?

NeoconsNailed  posted on  2021-01-29   18:30:33 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 6.

#7. To: NeoconsNailed, 4um (#6)

Would somebody please just sum up this GameStop business.... please?

Are you sure you really want that? It's really complicated. And ugly.

Esso  posted on  2021-01-29 18:36:48 ET  Reply   Untrace   Trace   Private Reply  


#10. To: NeoconsNailed (#6)

ghostdogtxn  posted on  2021-01-29 19:04:12 ET  Reply   Untrace   Trace   Private Reply  


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