Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm’s mid-June initial public offering, as its stock slipped below the IPO price, according to data through Tuesday from analytics firm Ortex Technologies.
Short sellers aim to sell borrowed shares to buy them back at a profit.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
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