Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / VYGVF - Investors have made over 100% YTD shorting Coinbase other crypto stocks: report

VYGVF - Investors have made over 100% YTD shorting Coinbase other crypto stocks: report

Voyager Digital Canada Ltd
Investors have generated profits of a whopping 126% so far in 2022 after short-selling crypto-focused stocks like Coinbase (NASDAQ:COIN), MicroStrategy (NASDAQ:MSTR) and Marathon Digital (NASDAQ:MARA), according to a report by analytics and financial firm S3 Capital released on Wednesday.  Some of the other profitable industries to short sell (wager on a stock's decline) this year have been automobile & components (+54%), software & services (+50%), retail (+46%) and media & entertainment (+46%), the report said. Clearly the best move was to short crypto stocks. Short sellers' gains from crypto equities come as the decentralized market faces intense selling pressure as investors shy away from riskier assets. Increased regulatory scrutiny as well as tighter financial conditions are also acting as major headwinds in the cryptosphere. Bitcoin (BTC-USD), the largest digital token by market cap, is dropping around 65% from its record high of $67.9K in November 2021, changing hands at $21.6K as of

For further details see:

Investors have made over 100% YTD shorting Coinbase, other crypto stocks: report
Stock Information
Company Name: Voyager Digital Canada Ltd
Stock Symbol: VYGVF
Market: OTC
Menu
VYGVF VYGVF Quote VYGVF Short VYGVF News VYGVF Articles VYGVF Message Board
Get VYGVF Alerts

News, Short Squeeze, Breakout and More Instantly...