Intel's market capitalization has surged by $440 billion in six weeks, drawing the attention of short sellers. According to foreign media reports, the rapid rise in Intel's stock price has resulted in huge losses for traders betting on its decline. However, this hasn't stopped them from continuing to place their bets. Since bottoming out on March 30, the chipmaker's stock price has soared 214%, adding over $440 billion to its market capitalization. According to data from financial data company S3 Partners, short sellers have also suffered paper losses exceeding $12 billion. Meanwhile, the ratio of short positions in Intel stock to outstanding shares (a measure of the number of shares borrowed to short the company) is near a 52-week high. Matthew Untman, Managing Director of S3 Partners, stated, "Intel is now almost a prime example of momentum trading. But this momentum will eventually stall."
