Short sellers have pocketed $1.2 billion in paper profits betting against U.S. regional lenders in the first two days of May, analytics firm Ortex said, as the third major regional bank failure in two months sparked a selloff in the sector.
U.S. regulators seized First Republic Bank and sold most of its assets to JPMorgan Chase & Co (JPM.N) on Monday in a $10.6 billion deal.
Here is a list of companies that generated the most profits for short sellers on May 1 and May 2:
Source: Ortex data
