In just one week in March 2020, investors with a short position on Tesla stock were able to generate profits of over one billion U.S. dollars. From around mid-February 2020, the global coronavirus (COVID-19) pandemic sent global stock markets into a tailspin as entire countries closed down their economy in order to slow the spread of the virus. While the effect on financial markets was catastrophic for many most investors, once class of investor was able to profit handsomely off the disaster - short sellers. Short selling is a process whereby investors effectively borrow a certain number of shares for a period of time, with the aim of selling them when the price is high, then repurchasing at a lower price in order to return them.
Stocks generating the highest profits from short sell positions on U.S. markets during the first week of March 2020
(in million U.S. dollars)
Stock exchange: ticker
Net mark-to-market profits in million U.S. dollars
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Benzinga. (March 9, 2020). Stocks generating the highest profits from short sell positions on U.S. markets during the first week of March 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1201072/most-profitable-shorts-coronavirus-pandemic-usa/
Benzinga. "Stocks generating the highest profits from short sell positions on U.S. markets during the first week of March 2020 (in million U.S. dollars)." Chart. March 9, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1201072/most-profitable-shorts-coronavirus-pandemic-usa/
Benzinga. (2020). Stocks generating the highest profits from short sell positions on U.S. markets during the first week of March 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1201072/most-profitable-shorts-coronavirus-pandemic-usa/
Benzinga. "Stocks Generating The Highest Profits from Short Sell Positions on U.S. Markets during The First Week of March 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 9 Mar 2020, https://www.statista.com/statistics/1201072/most-profitable-shorts-coronavirus-pandemic-usa/
Benzinga, Stocks generating the highest profits from short sell positions on U.S. markets during the first week of March 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1201072/most-profitable-shorts-coronavirus-pandemic-usa/ (last visited November 22, 2024)
Stocks generating the highest profits from short sell positions on U.S. markets during the first week of March 2020 (in million U.S. dollars) [Graph], Benzinga, March 9, 2020. [Online]. Available: https://www.statista.com/statistics/1201072/most-profitable-shorts-coronavirus-pandemic-usa/
