Shulou(Shulou.com)11/24 Report--

According to news in the morning of May 4, Beijing time, short sellers lost $5.09 billion due to a 90% rise in Nvidia's share price this year, according to information provided by financial data company S3 Partners.

Nvidia was the stock that short sellers lost the most in 2023, followed by Apple and Tesla. Apple short sellers have lost $4.47 billion this year as the company's shares soared 30 per cent. Tesla's short sellers lost $3.65 billion and their shares soared 33 per cent.

Nvidia's Short interest is down 7.04 million shares, or 18%, so far this year. Short interest refers to the amount of a stock or other financial asset in the market that has been shorted, which is usually used to measure investors' expectations of a fall in the price of the asset.

Short sellers "borrow" shares from securities companies and sell them. They assume that the share prices will fall, and then buy the shares at low prices and return them to the securities companies to earn the difference.

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