Short Sellers Made Over $50 Billion During Coronavirus Sell-Off
- Total domestic short interest was $848 billion as markets fell
- Most profitable short positions included Tesla, Tellurian
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Short sellers added to their U.S. positions during the recent coronavirus-related sell-off, making more than $50 billion in profits over seven trading days, according to data from financial analytics firm S3 Partners.
There was nearly $15 billion of additional short selling between Feb. 24 and March 3, bringing total domestic equity short interest to $848 billion. Those short sellers made $51.3 billion in mark-to-market profits, S3 said in a report published Wednesday. The S&P 500 Index fell 10% over the same period.