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Wall Street is loading up on bets against Snapchat (SNAP)

Wall Street is loading up on bets against Snapchat (SNAP)

Monday, March 20, 2017, 6:49 PM

Traders are loading up on short bets against Snapchat. Short interest in the stock has surged to more than 30 million shares, making up about 15.4% of the shares available for trading, according to Data provided by Wall Street analytics firm S3 Partners. Snapchat priced its initial public offering at $17 a share and made its Wall Street debut at $24. Shares.
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