Short Sellers Are Having a Field Day Betting Against Crypto Stocks – Bloomberg

Short Sellers Are Having a Field Day Betting Against Crypto Stocks – Bloomberg

Blockchain Crypto Market Technology
July 9, 2022 by Coinvasity
22
Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Hear the latest economic, business and market news, as well as global, national, and local news.Game Changers is a documentary series profiling some of the world’s most influential, determined, hard-working visionaries who are disrupting their
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Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Hear the latest economic, business and market news, as well as global, national, and local news.
Game Changers is a documentary series profiling some of the world’s most influential, determined, hard-working visionaries who are disrupting their industries.
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Traders betting against stocks have generally done well this year, with bearish wagers against crypto shares proving to be a major standout.
Short sellers in digital-asset stocks have gained an average of 130% in 2022, according to Ihor Dusaniwsky, head of predictive analytics at S3, a technology and data-analytics firm. By comparison, wagers against the automobile and software sectors have returned about 50%, while retailing, media and entertainment have seen gains of about 46% each. 

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