DXC Technology is down 13% on exit of head of America’s due 10-15% drop in sales. Short interest is at $457 million with 5.43 million shares being shorted (up 185,000 shares in October) representing 1.94% of the float. Short sellers profited $68 million in mark-to-market losses today with additional short selling taking place this morning.
This puts DXC Technology as the 7th largest short in the U.S. IT Consulting Sector.
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