SoftBank Shares Rally, Increasing Short-Squeeze Risk
Short sellers on SoftBank Group are facing growing losses as its shares have surged significantly in September. The stock rose by 25.3%, climbing from ¥5,200 at the end of August to ¥6,513. This rally has increased short-squeeze risk for investors who had bet against the company's performance. Bearish bets on SoftBank hit a one-year high amid this upward trend in share price. The Japanese technology investor is now under pressure as rising prices force short sellers into covering their positions or facing mounting losses.
Tickers: $SFTBY