CoinVoice has recently learned that according to Cointelegraph, several institutions are bearish on Microstrategy's stock price, with short positions reaching US$6.9 billion. However, the confidence of short sellers seems to be weakening, as Microstrategy's stock price has almost tripled in six months.
The largest position is about $2.4 billion. The short ratio of MicroStrategy stock has fallen by nearly 50% over the past six months, from 3.1 days to 1.5 days.
Kerrisdale Capital believes that after several spot Bitcoin ETFs were approved this year, investors may have no reason to trade MicroStrategy shares to gain Bitcoin exposure. [Original link]
