Coinbase shorts made $480 million in August, but shorts are 'deep in the red' this year

Odaily Planet Daily News Coinbase’s stock price fell by 15% in August, making the short profit nearly 480 million US dollars, but Ihor Dusaniwsky, managing director of S3 Partners, said, “Coinbase short sellers are still in a state of serious losses this year.” So far this year, shorts have lost nearly $2 billion in mark-to-market losses, he said. (DL News) As of now, Coinbase's stock price is $77.99, and yesterday's closing price was $79.60.