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>>>>
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
- Citi Upgrades Sirius XM Radio (SIRI) to Neutral, 'risk-reward is balanced at prevailing levels'
- Citi Reiterates Buy Rating on Yeti Holdings Inc. (YETI)
- Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
Create E-mail Alert Related Categories
Contributors, Insiders' BlogRelated Entities
JPMorgan, Goldman Sachs, CitiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!