CrowdStrike's outage was a blessing in disguise for short sellers, gifting them a $461 million windfall
Briefly

Short sellers made $461 million in paper profits from CrowdStrike's 11% drop, swinging to gains YTD, with the second-largest uptick in short selling in the sector.
Short selling in the systems software sector is increasing, with CrowdStrike seeing a significant rise, prompting analysts to downgrade ratings and cut price targets.
Read at Fortune
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