Citadel Securities holds a 5.5% stake in the bank, according to a Schedule 13G filing with the Securities and Exchange Commission (SEC).
As Silvergate Shares Are the Most Shorted Stock on Wall Street, Citadel Securities Claims 5.5% Stake in the Crypto-Friendly Bank
According to current market data, shares of the crypto bank Silvergate have fallen 85.62% over the past six months. Additionally, as of Feb. 9, 2023, the Financial Industry Regulatory AuthorityHowever, over the last month,has risen 14.48% against the U.S. dollar, and there has been some improvement in price growth in 2023 compared to 2022.
The Short Interest Reporting also indicated that as of Jan. 31, 2023, 72% of Silvergate’s shares were being used for shorting. In recent months, Silvergate has been dealing withThe company’s Q4 2022 earnings showed a loss of $1 billion. However, the recent rebound in the cryptocurrency market in 2023 has helped to some extent, and an SEC filing from Citadel Securities shows an investment in the firm.
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