Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the blockchain industry, with crypto company short-sellers profits up 126% in 2022, according new data.
On Thursday, technology and data analytics firm S3 Partners published a video summarizing its recent report, which found that overall, U.S. equity short-sellers are up on average more than 30% for the year.
Some of these profit gains were attributed to the short-selling of automobiles and components stocks (up 54%), software and services stocks (up 50%), media and entertainment stocks (up 46%) and retail stocks, (up 46%) in the year, though these all paled in comparison to crypto stocks, which saw short-selling profits up 126% in 2022.
“But none of these industries holds a candle to short sellers in the crypto sector, up 126% on an average short interest of $3 billion dollars.”
Crypto stocks with the highest short interest include exchange Coinbase Global...
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