Monday, May 27, 2024

Long/short equity: bets against Carvana lose $1bn

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Short-sellers betting against Carvana lost $1bn in a single day last week as shares jumped on better than expected results for the used car company.

Bets against the company were worth $3.5bn, according to Ortex Media, which tracks short-sellers, making it one of the biggest single-day losses seen.

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