What Wall Street’s Short-Selling Bets Say About Uber, Peloton, Zoom
Stock prices of Peloton Interactive, Uber and Zoom Video have further to fall, judging by big short-selling bets placed by investors in recent months, new data shows. It also reveals that investors have drastically scaled back short-selling bets on Lyft since the summer.
The data is a reminder that the looming expiration of lockup restrictions could produce more volatility in tech stocks as early investors and employees in newly public companies are freed to sell their shares. Uber’s lockup expires on Nov. 6, for instance, while Zoom’s expired earlier this week.