做空者

DataExplorers表示，神舟矿业也是做空者借入成本最高的股票之一。

Its shares are also among the most expensive for short-sellers to borrow according to Data Explorers .

周一，这个由香港证监会（SecuritiesandFuturesCommission）提起的案件开始听证时，这位做空者本人并不在香港。

The short-seller was not in Hong Kong himself on Monday for the opening of the case brought by the Securities and Futures Commission .

香港“市场失当行为审裁处”正在对安德鲁•莱夫特（AndrewLeft）受到的市场不当行为指控展开听证。莱夫特是美国的一名做空者，他最知名的事迹是不久前高调挑战美国制药商Valeant。

The body is hearing accusations of market misconduct by Andrew Left , the US short-seller best known for his recent high-profile battle with Valeant , the US drugmaker .

有关股价的讨论或做空者的活动与蜘蛛侠（Spider-Man）扯上关系，这并不常见。

It is not often that Spider-Man features in share price discussions or the activities of short-sellers .

做空者已经借入了总部位于北京的中国神舟矿业公司（ChinaShenZhouMining&ResourcesInc.）96%的可借股份，这意味着做空者几乎已借不到用于做空的股票。

Short sellers have borrowed 96 percent of Beijing-based China Shen Zhou Mining & Resources Inc. ( SHZ )' s lendable supply , meaning there is almost no equity available for short sellers to bet against .

做空者在某些情况下低估了关联利益方的角色。

Shorts have in some cases underestimated the role of linked interests .

此类摩擦为做空者创造了绝好的机会。

Such spats are creating a paradise for short sellers .

但就目前而言，做空者仍占据上风。

But for now , bears reign supreme .

不过特斯拉在股市上的风光恐怕难以长久，因为该公司超过四分之一的股票暂借给了做空者。

Tesla stock , on the other hand , might be a short-lived bubble .

房地产市场动量的另一个原因在于这种市场内没有做空者的事实。

Another reason for momentum in property markets is the fact that there are no short-sellers .

股票迅速停牌突显做空者在亚洲面临的问题&难以及时获利。

The rapid suspension of shares highlights a problem facing short sellers in Asia – profiting in a timely manner .

香港证监会提起的这两起案件引发了对冲基金、其他做空者以及分析师圈子的普遍担忧。

The regulator 's pursuit of the two cases has worried hedge funds , other short-sellers and the analyst community more generally .

或许，通过说服别人相信一家银行要倒了，做空者可以毁灭这家银行并从中获利吧。

Perhaps short-sellers could destroy a bank , and profit from its destruction , simply by convincing others that the bank was doomed .

长期以来，经济学家一直觉得，比起始作俑者，做空者更有可能及时发现坏消息。

Economists have long suspected that short-sellers are more likely to be the prompt discoverers of bad news than the inventors of it .

过去3年，这家自诩为百万富翁工厂的银行已稳步后退，成为做空者们青睐的对象。

The self-styled millionaires ' factory has been steadily de-rated over the past three years , and is a favourite among the shorting community .

事实的确如此，但这一点无关紧要，除非做空者导致坏事发生就像保险一样。

Now this is true but irrelevant - unless the short-sellers cause the bad things to happen in the Wall Street equivalent of an insurance job .

做空者先借入股票卖出，向出借方支付手续费，目的是以更低的价位买入归还，从而获得盈利。

Shorts borrow shares to sell , paying a fee to the lender and aiming to profit from buying the shares back more cheaply before returning them .

再说，只要能重建资本，夺回失去的利润，银行和其它金融集团仍可能成为做空者的目标。

Moreover , banks and other financial groups are likely to remain targets for as long as it takes them to rebuild their capital and replace lost earnings .

做空者有充足的理由为自己辩护：除了他们，还有谁会有兴趣动用数百万美元揭露欺诈行为，把空气挤出泡沫？

Short-sellers have a powerful argument in their defence : who else has an incentive to spend millions of dollars uncovering frauds and letting the air out of bubbles ?

反向收购的推销人和安排人称，做空者通过发布含沙射影、但对欺诈指控很少提出确凿证据的诽谤性报告，正在赚取巨额收益。

Promoters and arrangers of reverse mergers say short-sellers are making huge profits by releasing defamatory reports full of innuendo but little hard proof to back up their assertions of fraud .

做空者及其他评论人士正密切关注这一案件，因为他们担心该案裁决或将让他们“不敢”自由表达对上市公司股票的观点。

Short-sellers and other commentators are watching the case closely over worries that a ruling could have a " chilling " effect on their ability to opine freely on listed stocks .

即便是在其他中国公司的声誉受到做空者和会计问题冲击之时，一些中国互联网公司在美国市场的融资相对而言还是成功的（尽管这些公司的价值更为无形）。

Some Chinese internet groups have seen relative success in US markets , despite their more intangible nature , even as the reputations of others have been hit by short-sellers and accounting concerns .

继2011年做空在美上市的中国公司而获利丰厚之后，做空者发现，现在要找到合适的目标不那么容易了。

Having made money in 2011 betting against Chinese companies listed in the US , shortsellers are no longer finding it as easy to identify suitable targets .