Reported 28 days ago
A recent report by Hazeltree indicates that short sellers focused their bets on airlines and banks in August, driven by growing pessimism in these sectors due to declining earnings and rising costs. American Airlines, JetBlue, and Wizz Air topped the list of shorted airlines, while Goldman Sachs ranked as a leading target among banks. The data suggests a broader trend of investor caution amid economic uncertainties and market volatility.
Source: YAHOO