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Co-Founder of Ortex confirms "majority" of short sellers have not exited their positions in Meme stocks.
| Author | Source |
|---|---|
| u/randomd0rk |
"Although we have seen some exiting of positions throughout the year, the majority of short-sellers have been happy to sit on significant paper losses in the hope that retail investors will blink first and the losses won't be realized," said Peter Hillerberg, co-founder of financial analytics firm Ortex.
"This now looks like a flawed strategy."
*Edited to add Bloomberg source after Reuters changed the article.
Also, thanks for my first awards! Can I buy crayons with these?