Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy

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Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy

Bloomberg2023-03-11

One-day mark-to-market profit of $513 million on short betsStock remains halted after falling 63% in premarket trading(Bloomberg) -- SVB Financial Group’s record plunge on Thursday minted short ...

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UTOtrader
·2023-03-12
T
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3
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andrew123
·2023-03-12
Omg
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Seah CL
·2023-03-12
K
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ArcherWG
·2023-03-12
Notes
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sunshine138
·2023-03-12
Ok
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TKY1978
·2023-03-11
[Smile]
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Eddielkh
·2023-03-11
K
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KPTan
·2023-03-11
Tq for sharing
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Jctrading
·2023-03-11
cannot close one who in the world will buy at this price now?
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ElaineLe
·2023-03-11
Let's hope Elon buys over the company
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VWapMax
·2023-03-11
Shouldn't they buy puts?
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Celia24
·2023-03-11
Ok
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5
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sunflower19
·2023-03-11
Ok
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Investorpw
·2023-03-11
K
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Collecting Won’t Be Easy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-11 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One-day mark-to-market profit of $513 million on short betsStock remains halted after falling 63% in premarket trading(Bloomberg) -- SVB Financial Group’s record plunge on Thursday minted short ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy?srnd=premium-asia","article_id":"2318581167","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2318581167","pubTimestamp":1678516203,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"One-day mark-to-market profit of $513 million on short betsStock remains halted after falling 63% in","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"卖空者从SVB的倒闭中赚了5亿美元。收集并不容易","themeId":"fb137177b54440df95cc68d1e0268d1b","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIVB":0.9},"content_text":"One-day mark-to-market profit of $513 million on short betsStock remains halted after falling 63% in premarket trading(Bloomberg) -- SVB Financial Group’s record plunge on Thursday minted short sellers roughly half a billion dollars in paper profits. But they now face a challenge: how to close their positions.SVB shares plunged by 60% on Thursday as worries mounted over the bank’s operation, netting traders who bet against the stock a one-day mark-to-market profit of roughly $513 million. The stock fell another 63% in premarket trading Friday before being halted, with the Federal Deposit Insurance Corp. ultimately announcing that it had seized the bank.“SIVB’s closure gives short sellers a windfall profit, but now they have to go through the sometimes-difficult process of liquidating their positions and realizing their mark-to-market profits,” said S3 Partners head of predictive analytics Ihor Dusaniwsky.“With stock borrow financing costs accruing daily, even on weekends, even though trading is halted there is a continuous reduction of profits until short sellers close out their positions and return their borrowed shares.”The SVB collapse comes just a day after crypto-friendly bank Silvergate Capital Corp.’s announcement that it would liquidate and voluntarily wind down operations of its bank. 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for sharing&nbsp;","listText":"Tq for sharing&nbsp;","text":"Tq for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949842907","repostId":2318581167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949848696,"gmtCreate":1678525542916,"gmtModify":1678525664529,"author":{"id":"4139956475158232","authorId":"4139956475158232","name":"Jctrading","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"cannot close one who in the world will buy at this price now?","listText":"cannot close one who in the world will buy at this price now?","text":"cannot close one who in the world will buy at this price now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949848696","repostId":2318581167,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949848109,"gmtCreate":1678525501602,"gmtModify":1678525505259,"author":{"id":"3557704970294226","authorId":"3557704970294226","name":"ElaineLe","avatar":"https://community-static.tradeup.com/news/0dd24d8464e0f741f30c1c4d03715c17","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":1,"crmLevelSwitch":1},"htmlText":"Let's hope Elon buys over the company&nbsp;","listText":"Let's hope Elon buys over the company&nbsp;","text":"Let's hope Elon buys over the company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949848109","repostId":2318581167,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949848362,"gmtCreate":1678525490156,"gmtModify":1678525493942,"author":{"id":"3572341847466735","authorId":"3572341847466735","name":"VWapMax","avatar":"https://static.tigerbbs.com/5f640928682d3c7de592dc9ca1711fd5","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Shouldn't they buy puts?","listText":"Shouldn't they buy puts?","text":"Shouldn't they buy puts?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949848362","repostId":2318581167,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949853208,"gmtCreate":1678511547005,"gmtModify":1678511551794,"author":{"id":"3582085254286979","authorId":"3582085254286979","name":"Celia24","avatar":"https://community-static.tradeup.com/news/5c5b89756c8943408caeaab45fc6139b","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949853208","repostId":2318581167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949862141,"gmtCreate":1678496866584,"gmtModify":1678496870336,"author":{"id":"4106158448616940","authorId":"4106158448616940","name":"sunflower19","avatar":"https://static.itradeup.com/news/f2b81b440927ad671cd053689e3da178","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949862141","repostId":2318581167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949868765,"gmtCreate":1678495546558,"gmtModify":1678495549917,"author":{"id":"3564887540980880","authorId":"3564887540980880","name":"Investorpw","avatar":"https://static.tigerbbs.com/d1dd948dbb16b3bc2aece70dc8351fa9","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949868765","repostId":2318581167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":446,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}