LONDON (Reuters) - A surge in the shares of U.S. mortgage provider Rocket Companies on Tuesday is estimated to have inflicted losses of $813 million on short-sellers, data from financial analytics firm Ortex showed.
Rocket’s shares jumped 71% on Tuesday as the stock drew interest on Twitter and Reddit’s popular WallStreetBets.
Ortex estimated that 45% of Rocket’s freefloat was shorted.
Reporting by Thyagaraju Adinarayan; editing by Sujata Rao
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