SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE |
3 Months Ended |
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Dec. 31, 2021 | |
| Investments, Debt and Equity Securities [Abstract] | |
| Securities Sold Not Yet Purchased - at Fair Value | SECURITIES SOLD, NOT YET PURCHASED – AT FAIR VALUE As of December 31, 2021, and March 31, 2021, the Company’s securities sold, not yet purchased at fair value was $15,167 and $8,569, respectively.
During the nine months ended December 31, 2021, the Company sold shares that were not owned by it in the amount of $6,285 and closed short positions in the amount of $23. During the nine months ended December 31, 2021, the Company recognized a loss on the change in the fair value of financial liabilities in the amount of $313 in the Condensed Consolidated Statements of Operations and Statements of Other Comprehensive Income.
A short sale involves the sale of a security that is not owned with the expectation of purchasing the same security (or a security exchangeable) at a later date at a lower price. A short sale involves the risk of a theoretically unlimited increase in the market price of the security that would result in a theoretically unlimited loss.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements No definition available.
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- References No definition available.
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