• Triton

Flood of Lyft Short Sellers

In her article for the Financial Times, Nicole Bullock examines the rapid increase in demand for borrowed shares by Lyft short sellers. "Investors extended their bets against Lyft shares in recent days as rival ride-sharing business Uber moved closer to its own stock market listing," said Bullock Triton's Rett Wallace says that the data early on indicated that Lyft's poor performance after initial trading was inevitable. Full article in the Financial Times - HERE