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Trading in Snap is quietly undergoing a major shift that could send the stock soaring





Snap Snapchat Wall Street trading

  • 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 >>>

Source:: BusinessInsider.Com

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