America’s most shorted stock is Wall Street’s Bitcoin machine

If you had to guess which $40 billion company is currently the most shorted stock in America, you probably would need more than one try. It’s Strategy. Yes, the company formerly known as MicroStrategy. Yes — the Michael Saylor Bitcoin machine. According to Goldman Sachs’ hedge fund positioning data, Strategy has climbed to the top spot among the most shorted large-cap U.S. stocks, measured by short interest as a percentage of market cap. A year ago, it wasn’t even in the top 50. Bitcoin peaked in Octobe ...