2 Of The Biggest Hedge Fund Victims Of Gamestop's Short-squeeze Suffered More Losses In May, Report Says | Markets Insider

by markets.businessinsider.com posted 1month ago 12 views
Summary List PlacementUS hedge funds Melvin Capital and Light Street Capital, two short sellers hurt by the GameStop day-trader rebellion earlier this year, saw further declines in May, the Financial Times reported on Thursday. New York-based Melvin, which lost more than 50% in January over its short positions on GameStop, lost another 4% last month, the report said, citing sources. That brings its overall losses so far this year to about 45%. Meme stock short-sellers have continued to be squeezed as retail investors remain bullish on popular names like Bed Bath & Beyond, AMC, BlackBerry, and Clover Health.

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