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Nvidia shorts down $4.1 billion in mark-to-market losses since May 24-S3 Partners

2023-05-30 15:51
NEW YORK Short sellers in shares of Nvidia Corp. were down $4.1 billion in mark-to-market losses over the
Nvidia shorts down $4.1 billion in mark-to-market losses since May 24-S3 Partners

NEW YORK Short sellers in shares of Nvidia Corp. were down $4.1 billion in mark-to-market losses over the past three trading sessions, financial data firm S3 Partners said Tuesday.

The chipmaker after the close last Wednesday released its quarterly results and forecast second-quarter revenue more than 50% above Wall Street estimates. Including Tuesday's gains, Nvidia's shares are up about 35% since Wednesday and about 180% for the year to date.

(Reporting by Caroline Valetkevitch)