Coinbase's stock price fell 15% in August, resulting in a short position profit of nearly $480 million. However, Ihor Dusaniwsky, Managing Director of S3 Partners, stated that "Coinbase short sellers are still in serious loss this year." He said that so far this year, the short position has lost nearly $2 billion in market value. As of now, Coinbase's stock price is $77.99, and the closing price yesterday was $79.60.
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Coinbase Shorts Made $480 Million in August, but Shorts Are ‘Deep in the Red’ This Year
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