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Short sellers are down $91 billion in January as GameStop leads squeeze in stocks they bet against

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Traders work on the floor of the NYSE.

NYSE

Short sellers on the ropes — or are they?  Short sellers clearly have picked the wrong names in January.  The GameStop phenomenon — where buyers deliberately target heavily shorted stocks — is only the most recent development in a long series of failures from short sellers. But don’t count them out yet.

Most short sellers lose money

The markets relentless rally has not been kind to short sellers for many years. For all the attention that is put on superstar short sellers, most of these managers lose money. Equity shorts lost $243 billion in 2020, a return of negative 26%, according to S3 Partners.

This month, their performance is even…



Source cnbc.com

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