Short Sellers May Have Been Squeezed In Citi And GE, But Keep Record Level Positions

Short sellers may have taken a bath in companies such as Citigroup (NYSE: C) and GE (NYSE: GE), but they increased investments in many companies to record levels.

At the end of February, shares sold short in Citi rose 11% to 203 million and shares short in GE were up 10% to 183 million. Shorts wisely decreased positions in most big financial firms. At JP Morgan (NYSE: JPM) shares short fell 19% to 49 million. Shares short in MetLife (NYSE: MET) dropped 56% to 8 million. The short interest in Wells Fargo (NYSE: WFC) dropped 7% to 116 million. Shares short in Goldman Sachs fell 17% t0 14 million.

Continue Reading at 247wallst.com>>>>

You May Also Be Interested In

• Citigroup set to join top banks in Anthropic IPO - Bloomberg
• Citi raises Deere price target to $650, keeps Neutral rating
• Futu Holdings Limited (FUTU) PT Raised to $157 at Citi