Reported about 1 year ago
As Nvidia continues to dominate the tech sector, it has become one of the most heavily shorted stocks. S3 Partners managing director Ihor Dusaniwsky explains that investors are shorting Nvidia because it is seen as an overheated stock that needs to come back down to earth. Additionally, some investors are shorting it as a hedge to their market and tech holdings. This type of short selling behavior is also seen with Apple, where traders are more focused on momentum and technical graphs rather than fundamental investing.
Source: YAHOO