Short sellers led the stock market right up to the edge of an economic cliff in March, and then turned back. That is good news, since a recent study found that short sellers collectively are far more often right than wrong. Though they accelerated their short selling in late February and early March at a pace rarely seen in U.S. market history, in recent weeks they have become significantly less bearish.

Source: Wall Street Journal May 04, 2020 02:03 UTC