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Short Sellers Feel the Pain in Stock Market's 2023 Rally - The Wall Street Journal
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Short Sellers Feel the Pain in Stock Market's 2023 Rally - The Wall Street Journal

Short Sellers Feel the Pain in Stock Market's 2023 Rally - The Wall Street Journal
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Highly shorted shares are racing past the S&P 500 this year, and short sellers are down by $81 billion.
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The market’s comeback in 2023 has been very bad news for one group: short sellers.

Short sellers profit from stock declines by borrowing shares of companies that they believe are overvalued, selling them, and then buying them back at a lower price later. They made huge gains in 2022, when markets around the world tumbled.

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