After the SEC sued Coinbase, the company’s stock price fell, and short-sellers pocketed a $307 million intraday mark-to-market profit. According to data research firm S3 Partners, short interest accounts for about 20% of Coinbase’s total stock. Still, short-selling legend Jim Chanos said he was optimistic about his short position: "Fundamentals overlooked are opportunities."
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Coinbase Shares Plummet on Sec Suit, Shorts Make $307M As Stock Market Crashes
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