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Pot Stock Short Sellers Are Riding High
Poor earnings and uncertainty regarding legislation have boosted short sellers’ gains to more than $1 billion.
As marijuana companies’ prospects seemed to go up in smoke this quarter, short sellers have been raking in the profits — and covering some of their bets.The top 20 pot stocks covered by S3 Partners, a financial technology and analytics firm, had made short sellers year-to-date profits of $1.68 billion
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