U.S. short sellers profited heavily from the chaos of 2022, to the tune of $300.1 billion, with communication-services stocks being the most profitable.
Profit from short selling U.S. stocks and American depositary receipts, on a mark-to-market basis, rose 30.8% in 2022, with an average short interest of $973.33 billion invested, according to a Wednesday report by S3 Partners Research. That followed three tough years in a row where short sellers lost a total of $571.76 billion, S3 Managing Director of Predictive Analytics Ihor Dusaniwsky said in a Wednesday note.
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