Are Hedge Funds Blindsided by Short Selling Losses?

Short books felt the heat last quarter as well.

(Angus Mordant/Bloomberg)

(Angus Mordant/Bloomberg)

Hedge fund honchos may appear blindsided — and badly hurt — by the big short squeeze of GameStop and many other financially shaky companies.

But while many of these hedgies have seemed stunned that their favorite shorts were abruptly targeted, they really are mindful that upward moves in these stocks have been going on for several months.

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