11:30 AM EDT, 06/25/2024 (MT Newswires) -- Nvidia ( NVDA ) short-sellers have amassed approximately $5 billion in paper profits from a sharp selloff in the technology giant's shares over the last three trading sessions, Reuters reported Tuesday, citing data analytics firm Ortex Technologies.

Short sellers raked in $2.40 billion off Nvidia's ( NVDA ) 6.6% drop Monday, the highest one-day gain since the start of Ortex data in 2019, according to the report.

Nvidia ( NVDA ) declined to comment to MT Newswires.

The company's shares were up 4.9% in recent Tuesday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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