Leading Crypto Stock Among the Most Shorted in November
It is the first time this stock has been on Hazeltree’s list.
It has been a challenging past couple of months for cryptocurrencies, which may be one of the reasons that a leading crypto stock, , was heavily shorted by institutional investors in November.
The Hazeltree Shortside Crowdedness report for November listed Coinbase as the third most shorted stock last month. It marked the first time that the stock made the top 10 on the monthly Hazeltree list.
“Coinbase cracked the top 10 most crowded large-cap shorts for the first time, as the U.S.-based crypto exchange experienced a steady decline in its stock price from October 27 to November 20, with a notable 34.1% drop,” Tim Smith, managing director, data insights at Hazeltree,…
