SVB collapse leads to big paydays for short sellers
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The shorts have cleaned up during the Silicon Valley Bank and Signature Bank mess.
Short sellers - who aim to profit from a decline in a stock price — of regional banks are up a cool $3.53 billion in March month to date in mark-to-market profits, according to new data from S3 Partners. Shorts are up $2.29 billion in mark-to-market profits in the last three trading days alone.