{"id":56801,"date":"2017-02-27T07:53:24","date_gmt":"2017-02-27T12:53:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56801"},"modified":"2017-02-27T07:53:24","modified_gmt":"2017-02-27T12:53:24","slug":"nvidia-shares-at-a-3-month-low-as-hedge-funds-short-the-stock-like-crazy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2017\/nvidia-shares-at-a-3-month-low-as-hedge-funds-short-the-stock-like-crazy.html","title":{"rendered":"Nvidia shares at a 3-month low as hedge funds short the stock like crazy"},"content":{"rendered":"

(Yahoo) Shares of Nvidia (NVDA), which gained over 200% in 2016, are now trading at a three-month low after a 9% drop on Thursday.This drop in shares of the chipmaker came after a downgrade of the stock from Romit Shah at Nomura, who cut his rating to Reduce from Buy and put a $90 price target on shares. Early Friday, the stock was little-changed and trading just above $100 per share.<\/p>\n

Earlier this month, Nvidia shares also appeared on Goldman Sachs\u2019 latest roundup of the stocks hedge funds are shorting the most. As of January 31, about 7% of Nvidia\u2019s market cap, or $4 billion worth of stock, was being sold short. This made the stock the second-most shorted by market cap among hedge funds tracked by Goldman.<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Yahoo) Shares of Nvidia (NVDA), which gained over 200% in 2016, are now trading at a three-month low after a 9% drop on Thursday.This drop in shares of the chipmaker came after a downgrade of the stock from Romit Shah […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56801","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56801"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56801\/revisions"}],"predecessor-version":[{"id":56802,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56801\/revisions\/56802"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}