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2023-03-15

Better to not catch a falling knife

Regional Bank Short Sellers See $3.53 Billion of Profits in March

Short sellers taking aim at regional bank stocks are seeing windfall profits of $3.53 billion in Mar

Regional Bank Short Sellers See $3.53 Billion of Profits in March

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It comes after the collapse of three banks in the last week -- Silicon Valley Bank <a href=\"https://laohu8.com/S/SIVB\">$(SIVB)$</a>, <a href=\"https://laohu8.com/S/SBNYP\">Signature Bank</a> <a href=\"https://laohu8.com/S/SBNY\">$(SBNY)$</a> and <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> -- which have sent the SPDR S&amp;P Regional Banking Sector ETF<a href=\"https://laohu8.com/S/KRE\">$(KRE)$</a> down 23% from March 8 through March 13. </p><p>Both Silicon Valley Bank parent <a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> and Signature Bankare in the top 20 most shorted stocks in the regional banking sector. The most shorted stock is PNC Financial Services <a href=\"https://laohu8.com/S/PNC\">$(PNC)$</a>.  </p><p>&#34;We have seen increased short selling in the sector over the last seven days with $416 million of new short selling partially offsetting a $3.9 billion decline in the stock prices of shares shorted,&#34; S3 wrote in commentary. </p><p>For now, with SIVB and SBNY halted, shorts are left paying daily stock borrow financing rates and the short positions will remain open until the Nasdaq and DTC determine they are delisted and worthless, said S3, &#34;providing for technical close outs of long and short positions or the short seller&#39;s Prime Broker locates an OTC trade with a long shareholder. SIVB and SBNY short sellers are sitting massive mark-to-market profits but have no way to realize those profits at the moment.&#34;</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Regional Bank Short Sellers See $3.53 Billion of Profits in March</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRegional Bank Short Sellers See $3.53 Billion of Profits in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-15 19:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Short sellers taking aim at regional bank stocks are seeing windfall profits of $3.53 billion in March in the month to date and of more than $2.29 billion in the last three days of trading, according to data analytics company S3 Partners Research, which tracks short selling data. </p><p>That&#39;s at least on paper, based on their mark-to-market positions. It comes after the collapse of three banks in the last week -- Silicon Valley Bank <a href=\"https://laohu8.com/S/SIVB\">$(SIVB)$</a>, <a href=\"https://laohu8.com/S/SBNYP\">Signature Bank</a> <a href=\"https://laohu8.com/S/SBNY\">$(SBNY)$</a> and <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> -- which have sent the SPDR S&amp;P Regional Banking Sector ETF<a href=\"https://laohu8.com/S/KRE\">$(KRE)$</a> down 23% from March 8 through March 13. </p><p>Both Silicon Valley Bank parent <a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> and Signature Bankare in the top 20 most shorted stocks in the regional banking sector. The most shorted stock is PNC Financial Services <a href=\"https://laohu8.com/S/PNC\">$(PNC)$</a>.  </p><p>&#34;We have seen increased short selling in the sector over the last seven days with $416 million of new short selling partially offsetting a $3.9 billion decline in the stock prices of shares shorted,&#34; S3 wrote in commentary. </p><p>For now, with SIVB and SBNY halted, shorts are left paying daily stock borrow financing rates and the short positions will remain open until the Nasdaq and DTC determine they are delisted and worthless, said S3, &#34;providing for technical close outs of long and short positions or the short seller&#39;s Prime Broker locates an OTC trade with a long shareholder. SIVB and SBNY short sellers are sitting massive mark-to-market profits but have no way to realize those profits at the moment.&#34;</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4504":"桥水持仓","SBNY":"签字银行","BK4211":"区域性银行","BK4566":"资本集团","PNC":"PNC金融","LU1861217088.USD":"贝莱德金融科技A2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4535":"淡马锡持仓","BK4589":"SVB概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4585":"ETF&股票定投概念","KRE":"区域银行指数ETF-SPDR KBW","BK4588":"碎股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2319427811","content_text":"Short sellers taking aim at regional bank stocks are seeing windfall profits of $3.53 billion in March in the month to date and of more than $2.29 billion in the last three days of trading, according to data analytics company S3 Partners Research, which tracks short selling data. That's at least on paper, based on their mark-to-market positions. It comes after the collapse of three banks in the last week -- Silicon Valley Bank $(SIVB)$, Signature Bank $(SBNY)$ and Silvergate Capital -- which have sent the SPDR S&P Regional Banking Sector ETF$(KRE)$ down 23% from March 8 through March 13. Both Silicon Valley Bank parent SVB Financial Group and Signature Bankare in the top 20 most shorted stocks in the regional banking sector. The most shorted stock is PNC Financial Services $(PNC)$.  \"We have seen increased short selling in the sector over the last seven days with $416 million of new short selling partially offsetting a $3.9 billion decline in the stock prices of shares shorted,\" S3 wrote in commentary. For now, with SIVB and SBNY halted, shorts are left paying daily stock borrow financing rates and the short positions will remain open until the Nasdaq and DTC determine they are delisted and worthless, said S3, \"providing for technical close outs of long and short positions or the short seller's Prime Broker locates an OTC trade with a long shareholder. SIVB and SBNY short sellers are sitting massive mark-to-market profits but have no way to realize those profits at the moment.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":303,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":29,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}