Short-sellers Hitting Citigroup (NYSE:C) Hard

Citigroup and Short Sellers

Citigroup (NYSE:C) is the top target for short-sellers as the stock has been surging upward for most of March for little reason, and it seems it could come crashing down at any time.

Fundamentals haven't changed much at the company to warrant such an upward move, and the lingering government stake in the company keeps everything from really moving upwards in an even bigger way.

What could clobber the shorts would be if the government unexpectedly said they were divesting of its stake in Citigroup, which would give it a big increase in share price.