Nvidia (NVDA) short interest:
19.21 million shares / 3.29% of float / $3.08 billion notional at risk on short side (pre-open)
Shares of NVDA fell today after significantly cutting itās fourth-quarter guidance, adding to concerns that product demand was not as high as anticipated over the holiday season.
The company revised 4Q revenue forecast to $2.2 billion, down almost 20% from the previous estimate of $2.7 billion.
Bears have increased their short exposure by as much as 7 million shares, or 55% since mid-November after the last earnings (blue line) announcement.
As of midday trading, short sellers are seeing a one day paper profit of $440 million on the back of the 14% price plunge.
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