Short-Sellers Bet Against Pinch Sulzberger

The New York Post reports:

Investors are increasing their bets that the slumping New York Times stock, which has plunged 25 percent in the past year, won't bounce back anytime soon.

Short sellers, who profit when a stock's price falls, increased their positions to 14.6 million shares in April. Short sellers held 14 million shares in March and just 6.4 million shares last April.

Here's a daily chart of NYT.Look for a test of 20.50 in the next 4 months.