Short sellers in shares of Nvidia Corp. were down $2.3 billion in mark-to-market losses Thursday as the stock surged more than 25% in early trading following the chipmaker's blowout forecast, according to financial data firm S3 Partners.
A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustrationwere down $2.3 billion in mark-to-market losses Thursday as the stock surged more than 25% in early trading following the chipmaker's blowout forecast, according to financial data firm S3 Partners.
For the year to date, including this morning's move, Nvidia shorts are likely down more than $8 billion, or 96%, Ihor Dusaniwsky, S3 managing director wrote. "Even with significant short covering in NVDA, it is the fourth most shorted stock in the U.S.," he noted. It follows Apple
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