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Hedge Funds Are Loading Up To Bet Against Lyft

by cnbc.com posted 1month ago 15 views
Short sellers have borrowed $455 million worth of Lyft shares, or 6.61 million shares, according to IHS Markit. : Tuesday marks the first settlement day for Lyft shares, allowing hedge funds to begin borrowing shares to settle short sales. And they came in full force — short sellers have borrowed $455 million worth of Lyft shares, or 6.61 million shares, according to IHS Markit. Shorting the ride-hailing company is not cheap because there are not many shares available and it remains in high demand.

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