During the GameStop Corp. crisis, short selling has received a lot of attention. Retail and general investors have been able to organize and conduct “short squeezes” thanks to internet platforms and forums like Reddit and Robinhood. PubMatic, Inc. is the most shorted stock, accounting for 50.82 percent of the float. Until 2019, Tesla, AT&T, Apple, and Amazon.com were among the most heavily shorted companies in the world. Shorting AT&T Inc. has yielded profits in the past, most notably in 2017, when the year-to-date profit/loss was $380 million. Tesla, Inc. is one of the most heavily shorted and divisive stocks in the United States. The year-to-date profit/loss for short sellers targeting Tesla was $2.11 billion in the last few years alone. Michael Burry, a well-known investor, recently surprised the market by revealing a $530 million short position against Tesla. Tesla has increased by 215 percent in the last year.
Insider Monkey highlights the list of the 10 most successful short sellers of all time. Jacob Little was the first speculator in the history of the stock market. He moved to New York City in 1817 and launched his brokerage in 1834, after being born in Massachusetts. He made his wealth through short selling and cornering markets. On the list of the most successful short sellers of all time, Jim Chanos is rated ninth. Throughout 2001, Chanos was an Enron short seller. On the list of the most successful short sellers of all time, Charlie Ledley is ranked eighth. Cornwall Capital, a New York City investment firm, was formed by him. His one-of-a-kind shorting method netted him unstoppable gains. By the end of the day, Cornwall’s $1 million swaps had sold for $80 million. Jamie Mai is ranked seventh. In Cornwall Capital, Mai and his partner turned a $110,000 investment into over $130 million. Unlike modern short sellers, who fight against regular investors, Mai was able to defy the market and make a lot of money. Scion Capital was founded by Michael James Burry, a physician, investor, and hedge fund manager from the United States. Burry benefited from the United States’ subprime mortgage crisis, which lasted from 2007 to 2010. He was proven to be correct, and he made a $100 million profit, with a total profit of $700 million. For more details, click 10 Most Successful Short Sellers of All Time.
