Short sellers of regional-bank stocks won $2.29 billion in profits in just the last three days of trading, according to S3 Partners Research
First Republic Bank is one of the regional lenders that have been swept up in the crisis of recent days.
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Short sellers taking aim at U.S. regional-bank stocks are seeing windfall profits of $3.53 billion in March to date — and of more than $2.29 billion in just 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. Short positions are a bet that a stock will fall.
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