Nvidia Corp. shares fell 15 percent on Monday after the company slashed its fourth-quarter revenue outlook, providing a windfall for the investors who bet that the stock would resume its recent descent.
According to Ihor Dusaniwsky, S3 Partners’ managing director of predictive analytics, short sellers “are up $457 million in mark-to-market profits” on Monday, “nearly wiping away the $503 million of mark-to-market losses they incurred before today’s price move.” Dusaniwsky’s comments were emailed to Bloomberg News.
