A Short Revival

Mike Coolbaugh sits down with Ivan Cosovic of Breakout Point to discuss the biggest themes in the world of short selling. Instead of the regular monthly update, Mike and Ivan break down the entire third quarter of 2022. Yes, September saw a noticeable uptick in activity from the summer doldrums in August. But that activity was also accompanied by strong performance with short activists generating significant alpha. Hindenburg Research has had a terrific run with its timely bets on Twitter, but that shouldn’t overshadow their other campaigns. As we look to the fourth quarter, we welcome a new name to the “dark side”, while one key theme has emerged and it’s clear that the ESG space has drawn the ire of several short sellers.