Should You Be Bearish on Best Buy Stock?
Best Buy Co Inc (NYSE:BBY) hit a new five-year high today, but that wasn't the only thing breaking records: shorting on Best Buy stock shot up more than it has in nearly a decade.
As reported by Matthew Unterman, a director at S3 Partners, LLC, "According to the S3 Short Interest projection, a measure of the real-time relative change in shorting activity, we are estimating real-time short interest to be as high as $2.6 billion in exposure on a notional basis, with as much as 57 million shares now out on loan to borrowers." (Source: ".
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Best Buy Co Inc (NYSE:BBY) hit a new five-year high today, but that wasn't the only thing breaking records: shorting on Best Buy stock shot up more than it has in nearly a decade.
As reported by Matthew Unterman, a director at S3 Partners, LLC, "According to the S3 Short Interest projection, a measure of the real-time relative change in shorting activity, we are estimating real-time short interest to be as high as $2.6 billion in exposure on a notional basis, with as much as 57 million shares now out on loan to borrowers." (Source: ".
Den vollständigen Artikel lesen ...