A whale took a short position worth $3.57 million in Robinhood following its earnings report.
1 hours ago
Robinhood has released its third-quarter financial report. The company’s revenue hit a record high but came in slightly below market expectations, while diluted earnings per share (EPS) also missed estimates. Following the report release, a large whale continued to add short positions on HOOD, net selling roughly $2.392 million and increasing its short position to 40,927.344 units. As of press time, the account’s short position is valued at approximately $3.5781 million, with an average entry price of $89.35, generating an unrealized profit of around $78,000. During the same period, HOOD perpetual contracts on Hyperliquid fell from about $95.71 before the earnings announcement to $87.42, a decline of roughly 8.66%. The financial results also reveal a divergence in Robinhood’s business structure: Predictions market revenue rose to $173 million, surging over sixfold year-over-year; crypto trading revenue rebounded 20% quarter-over-quarter to $120 million, though it still dropped 55% compared to the same period last year.
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