Trading in Snap is quietly undergoing a major shift that could send the stock soaring
|06/13/2018||Posted by BusinessMediaguide.Com under General World News||
- Snap has been one of the most shorted stocks in the US application-software sector for much of the past year.
- New data from S3 Partners finds that trading in Snap’s stock is undergoing a shift that could put pressure on short sellers and boost shares.
- Watch Snap trade in real time here.
Snap is getting too expensive to short.
It’s an interesting turn of events for the company’s stock, which is the second-largest short in the US application-software sector, with traders betting a whopping $1.64 billion against it.
At the root of the shift was a flood of recalls from beneficial read more >>>