NEW YORK, April 4 (Reuters) - Short sellers targeting U.S. companies have gained $54.9 billion on paper, this week through Thursday, as President Donald Trump's sweeping tariffs sparked a sharp selloff in stocks, according to data and analytics company Ortex Technologies.
The data, for U.S. companies with market capitalization $1 billion and greater, showed short sellers' gains, for the year through Thursday, at $118.5 billion.
Short sellers aim to profit by selling borrowed shares and buying them back later at a lower price.
(Reporting by Saqib Iqbal Ahmed)
((saqib.ahmed@thomsonreuters.com; @SaqibReports; +1 332 219 1971; Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net))
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