Ron Burgundy Posted February 4, 2016 Share Posted February 4, 2016 GoPro's fall from grace has created a rush by traders to short the camera maker's stock, but they may soon face a squeeze as institutional shareholders sell their shares after six months of declines. GoPro's troubles worsened on Wednesday when it forecast current-quarter revenue well below analysts' estimates, adding to a string of disappointments by a company that a year ago was a Wall Street favorite. Short interest in GoPro increased to 25.7 percent of its outstanding shares in mid-January from 23.9 percent in mid-December, according to Nasdaq data. View the full article Quote Link to comment Share on other sites More sharing options...
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