Jim Chanos Leads Short Seller Retreat After Markets Surge – Bloomberg

Jim Chanos quit after failing to raise capital. Carson Block’s firm launched its first long-only fund. Andrew Left dubbed his kind “a dying breed.”

These are bad times to be a bear on Wall Street.

After taking hits on multiple fronts, short sellers — who borrow and then sell stocks in a bid to profit from price declines — are in retreat. Thank the gravity-defying bull market, lingering regulatory threats, a day-trading horde randomly squeezing shares like GameStop Corp. ever higher, and more.

Source: Jim Chanos Leads Short Seller Retreat After Markets Surge – Bloomberg