As Facebook Inc. shares came under growing pressure amid a data privacy scandal that emerged in March, bearish bets against the social-networking giant inched higher. Total short interest is at $5.1 billion after gaining 7 percent in March, according to Ihor Dusaniwsky of financial technology and analytics firm S3 Partners. Historically, shorts in the stock haven’t done well, "however they’ve been able to recoup a sliver of their losses" this year, Dusaniwksy notes. Meanwhile, Jeffrey Gundlach, the chief investment officer of Los Angeles-based DoubleLine Capital, recommends shorting the stock in a pair trade that favors the SPDR S&P Oil & Gas Exploration & Production ETF.
Source: Bloomberg Pro Terminal
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