NEW YORK, Jan 4 (Reuters) – Investors who bet against
U.S. and Canadian stocks had paper losses of $194.9 billion last
year amid a sharp market rally, data provider S3 Partners
Research said on Thursday.
This amount accounts for 20% of the overall short interest
last year. When an investor shorts a stock, they bet its price
will fall.
Information technology and consumer discretionary were the
sectors that were most hurt short-sellers, according to S3.
(Reporting by Carolina Mandl, in New York
Editing by Chris Reese)
