Investors are spending hundreds of millions to short cannabis stocks, despite huge losses

Investors are spending hundreds of millions to short cannabis stocks, despite huge losses

Investors are pumping more money into shorting pot stocks, despite the fact that doing so has resulted in estimated year-to-date losses of US$892 million, according to a U.S. firm that specializes in short-selling research. Ihor Dusaniwsky, managing director for predictive analytics at S3 Partners, says his data show investors have spent US$1.4 billion shorting cannabis…

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‘Not the time to buy the dip’: Investors brace themselves for the election that’s all about Trump

‘Not the time to buy the dip’: Investors brace themselves for the election that’s all about Trump

LONDON — North American stocks ticked higher in thin trading on Tuesday, supported by strong earnings and a rebound in technology stocks from a two-day selloff, while investors braced for the outcome of U.S. midterm elections. The elections mark the first major test of President Donald Trump’s sweeping tax cuts and hostile trade policies. Polls…

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