00:00 Josh
Short sellers are having quite a 2025. So of course, short sellers would be people that place a bet on essentially a bet on a stock to go down. If the stock price goes down, those traders usually profit. And what we’re looking at here is some massive profits for short sellers across the magnificent seven. So you can see here, people that have shorted or traders that have shorted Tesla stock have made $10.8 billion. And then you take a look at Apple. That’s almost $5 billion short sellers have made. Nvidia, again, over $4 billion. So those three stocks being the largest here, but over a billion for the likes of Alphabet and Amazon. So interesting to see how that’s sort of dispersed. And then overall, I think what we’re seeing here is just a market narrative shift. This is data from S3 partners. The last time I spoke with S3 partners a month ago, I was asking them how much short sellers were losing on stocks like Palantir, stocks like App Lovin. That was just in the middle of February that a lot of short sellers were losing money on popular AI names. Now you’re starting to see short sellers making a significant amount of money on some of the largest stocks in the market. Again, all seven of these companies are actually now down on the year. And so you’re starting to see just a little bit of a market narrative shift right now. Of course, being short Tesla is normally a very popular trade, being short some of these other names maybe not as much. So it’ll be interesting to see how that sentiment sort of shakes out as we maybe come out of this drop down that we’ve been in in markets.
02:39 Speaker A
Yeah, and also makes you wonder if we could see short squeezes if there are any pops, um, in some of these stocks. We shall see, Josh. Thank you.