GE short interest is $1.35 billion, with 121.26 million shares shorted, for 1.41% of the float.
Shorts are up $103 million in mark-to-market profits today on GE’s -7.5% price move. This brings year-to-date mark-to-market profits up to $853 million, a 47% return for the shorts in 2018.
Shares shorted had decreased by 2.5 million shares in October, but we are seeing increased short selling today, with over 1 million shares of new short selling throughout the day.
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Contact: Ihor.Dusaniwsky@S3Partners.net
Managing Director Predictive Analytics, S3 Partners, LLC
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