Short-sellers lost $813 million on Rocket Companies on Tuesday: Ortex

  • 3/3/2021
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LONDON (Reuters) - A surge in the shares of U.S. mortgage provider Rocket Companies on Tuesday is estimated to have inflicted losses of $813 million on short-sellers, data from financial analytics firm Ortex showed. Rocket’s shares jumped 71% on Tuesday as the stock drew interest on Twitter and Reddit’s popular WallStreetBets. Ortex estimated that 45% of Rocket’s freefloat was shorted.

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