NEW YORK: Even as some of Wall Street's biggest trading favorites - considered by many to be massively overvalued - report earnings this week, short sellers are staying away.
Shorts have become gun-shy as the market has continued to rally, making bets against high-flying stocks like Netflix or Tesla very expensive ones. Steep losses have been amplified by "short squeezes," where shorts are forced to cover their bets to prevent further losses.
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