Tech stocks are particularly in the focus of short sellers.
(Photo: IMAGO/Silas Stein)
Dusseldorf A trend reversed on the US stock market in the first week of December: short sellers are increasing their bets on falling prices again. This is shown by an analysis by the financial data provider S3 Partners.
Accordingly, they increased their speculation on price losses by 7.8 billion dollars from December 1st to December 7th. In November, professional investors had closed their bets across the board. They were no longer worthwhile because prices rose – the market-wide S&P 500 index by 5.3 percent, the tech index Nasdaq Composite by 4.4 percent and the small-cap Russell 3000 index by five percent.
But now prices are giving way again. On average, the US indices have already given up half of their gains. The short sellers use this to expand their bets again. In four sectors, they increased their bets by more than a billion dollars.
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