Traders have lost almost $10 billion betting against Alibaba this year (BABA)
|08/20/2017||Posted by BusinessMediaguide.Com under General World News||
If you’re thinking about betting against Alibaba‘s stock, you might first consider simply lighting your money on fire.
Traders wagering on declines in the company’s shares have lost a grand total of $9.8 billion in 2017, according to data provided by financial analytics firm S3 Partners. That makes Alibaba the worst-performing short in the world this year, and it isn’t particularly close.
The next-most shorted company is Tesla, which has drained $4.5 billion from the accounts of bearish speculators, less than half of the damage left in Alibaba’s wake.
The reason for the futility of short sellers is clear: Alibaba’s read more >>>