(CNBC) Hedge funds hiked their bets against Facebook through last week as CEO Mark Zuckerberg got set to testify in front of Congress following a data scandal, according to data from IHS Markit. IHS Markit forecasts short interest in Facebook to have totaled 29.2 million shares on Friday, up from 25.9 million in mid-March.
Hedges Increased Their Bets Against Facebook Before Zuckerberg Testimony
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