Silvergate stands at second place as the most-shorted stock in the U.S., with over 72% of its shares shorted.
The Financial Industry Regulatory Authority collects and publishes twice a month short interest positions of all equity securities. A short position means investors and traders believe the price of a security, such as a stock, will decrease in value.
A short seller profits from the price decline of a security.over 87% in the past twelve months. The bearish sentiment on Silvergate stems from its recent earnings report and legal battles the company faces over its relationship with bankrupt firms FTX and Alameda Research.
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