![]() As you can see in the chart below, the number of shares short is near its lowest point in a number of years.įor a lot of investors, a headline like "most shorted" would make them believe that a massive short squeeze could be possible. For the first half of July, Tesla short interest came down by more than 3.6 million shares to less than 23.5 million shares. After Tuesday's closing bell, NASDAQ released its bi-monthly update on this important item. ![]() No other stock in today's market is that high, even a name like Apple ( AAPL ) that has a much higher overall market cap.īefore I get into today's main point, I just wanted to update everyone on where short interest stands. So for Tesla, when you had roughly 27 million shares short at the end of June and a price of say $800, you'd be talking about $21.6 billion worth of Tesla shares short. That is true in terms of pure dollars, i.e., the dollar value of the shares short. Regardless of who is winning, when you look at Tesla and the naysayers, the above article talked about Tesla being the most shorted name in the market. Of course, with the stock currently down almost $300 for the year, 2022 has been a very profitable year overall for Tesla bears. ![]() By the end of the day, I believe the number was nearly twice that as the rally extended. The nearly 10% rally again put short sellers in the spotlight, but the headlines surrounding this key stock item don't exactly tell the whole story.Īfter the post-earnings rally, articles were published like this one detailing how short sellers lost a billion dollars in early trading last Thursday. While it wasn't a blowout quarter by any means, the results were good enough for investors and sent analyst estimates for the year a little bit higher. Shares of electric vehicle maker Tesla ( NASDAQ: TSLA) jumped nicely last week after the company's Q2 earnings report.
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