Kerrisdale Capital is short Microstrategy (MSTR), long bitcoin

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Kerrisdale Capital is short Microstrategy, Inc. (MSTR), long bitcoin

March 28, 2024 9:13 AM EDT

Kerrisdale Capital is short Microstrategy, Inc. (NASDAQ: MSTR), long bitcoin

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US futures, GameStop, falling yen - what's moving markets

March 27, 2024 5:55 AM EDT

Investing.com -- Wall Street remains on track for a positive month and quarter, but troubled retailer GameStop slumped after reporting weak holiday quarter ales. The Japanese yen fell to its lowest level since 1990, while the crude market also weakened after a large U.S. inventories build.


1. Futures higher; on track for positive quarter

U.S. stock futures traded higher Wednesday, rebounding after a recent pullback, as investors await further cues on the Federal Reserve's interest rate trajectory.


By 05:00 ET (09:00 GMT), the Dow futures contract was 180... More

Crypto stock short sellers face $1.9 billion hit as Bitcoin surges - Report

March 26, 2024 11:46 AM EDT

Bitcoin's blockbuster surge has led to massive losses for short sellers of crypto-related stocks, totaling nearly $1.9 billion in mark-to-market losses today, according to data compiled by S3 Partners.


This downturn for short sellers accompanies Bitcoin's over 7% jump in late-day trading and an almost 12% rise from its recent low three days ago.


The total short interest in crypto-related stocks stands at $10.7 billion, with MicroStrategy Incorporated (NASDAQ: MSTR) and... More