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Traders refuse to let Equifax off the hook (EFX)





Equifax trading floor

Traders aren’t yet ready to let Equifax up off the mat.

Short interest — a measure of wagers that share prices will drop — has continued to climb since initial reports of the company’s massive data breach that cost its CEO his job.

It now sits at $281 million, according to financial analytics firm S3 Partners. Further, traders are holding 2.6 million shares short, an increase of 570,000 since the hack was first announced.

All of that has occurred even as shares have mounted a 14% recovery, which followed a 35% read more >>>

Source:: BusinessInsider.Com

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