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Short Bets Against MicroStrategy Surge to a Record After Its Shares Rebound

  • More than half of shares available to trade are sold short: S3
  • Short interest is up 1.2 million shares over the past 30 days
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MicroStrategy's Unrelenting Bitcoin Bet
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Skeptics who are betting against MicroStrategy Inc.’s Bitcoin strategy are piling onto positions that the cryptocurrency company’s latest rebound will flame out. 

A record 51% of MicroStrategy’s available shares are currently sold short, carrying a notional value of $1.35 billion, according to financial analytics firm S3 Partners. The all-time high of 4.73 million shares shorted has soared by 1.2 million shares over the past 30 days alone, S3 says.