Nvidia: Why investors are shorting the stock ahead of its split

Nvidia’s (NVDA) market cap briefly surpassed $3 trillion ahead of the company’s planned 10-for-1 stock split on Friday after the market close. S3 Partners Managing Director Ihor Dusaniwsky joins Market Domination to discuss how the move will affect short selling.
Dusaniwsky notes that there is a significant short interest in Nvidia, about $2 billion worth over the last 30 days. “This ends up being kind of like a roulette wheel, red or black?” Dusaniwsky says, explaining that investors have to decide whether Nvidia has seen such a run that it’s due for a pullback after the split or if it could be the start of a bigger move higher.
Watch the video above to hear what Dusaniwsky says about GameStop (GME) shorts getting squeezed and where else in the market he is seeing short interest.
#youtube #NVIDIA #stocks

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