THE DATA IS THE NEWS

S3 Partners

    Moderna Inc Shorts Down $427 million

    Shares of Moderna Inc. (MRNA) are up 26% in mid-day trading on news that its mRNA vaccine performed well in a small Phase 1 trial. Moderna is the 5th largest short in the domestic Biotech Sector with $1.63 million of short interest; 24.48 million shares shorted; 11.76% short interest % of float; and a 0.30% stock borrow fee.

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  • S3 Research

    Bear Time-Out

    by Ihor Dusaniwsky

    Our Black App and Blacklight SaaS Platform follow just over 12 thousand domestic equities with short interest of $765 billion. The average Short Interest % of Float is 6.83% and average stock borrow fee of 0.86%. We’ve seen the bearish tenor of short sellers wane over the last month with $7.4 billion of net short covering hitting the tape. And over the last week, with the markets sliding off recent highs, shorts have been relatively quiet with just $202 million worth of net short covering over the last week.

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  • ETFsS3 Research

    ETF Short Selling Recap

    by Ihor Dusaniwsky

    Our Black App and Blacklight SaaS Platform follows almost three thousand domestically traded ETFs with short interest activity with a total short interest of $168.2 billion. The Average Short Interest % Float of these securities is 25.37% with an average stock borrow fee of 0.63%. While over the last 30 days we have seen a total of $18.01 billion in short covering, recently we have seen short sellers increasing their short ETF positions with $1.39 billion of new short selling.

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  • Health CareS3 Research

    Biotech Sector Short Activity

    by Ihor Dusaniwsky

    The domestic Biotech Sector has been rallying of late, in response to continued enthusiasm that the progress towards a Covid-19 antiviral or vaccine is promising. The IBB ETF, iShares Nasdaq Biotech ETF, is up over +6.5% for the year and over +17% over the last month. As expected, we’ve seen correlated short covering in the sector during this rally. Total short interest in the sector is $49.26 billion, and we’ve seen $612 million of short covering over the last month. But surprisingly, the covering was concentrated from April 10th through May 1st and we’ve seen an increase of bearishness over the last week with $190 million of new net short selling.

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  • S3 Research

    Wayfair 1st Quarter Beat Clobbers Shorts

    by Ihor Dusaniwsky

    Wayfair Inc. (W) reported 1st quarter 2020 results which beat on both earnings per share and revenues causing the stock to surge over +20% at the open. While long shareholders were sitting at home surrounded with recently delivered gleaming living room furniture and smiles on their faces, short sellers were glaring at increased mark-to-market losses on their dingy short positions.

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  • S3 Research

    Norwegian Cruise Lines Sinking Sector

    by Ihor Dusaniwsky

    On Tuesday, Norwegian Cruise Lines (NWCH) issued a statement that it had “serious doubt” it would avoid bankruptcy proceeding over the next year while issuing preliminary 1st quarter earnings of a -$2 billion loss. NWCH stated that “it does not have sufficient liquidity” to keep afloat over the next 12 months without a cash infusion.

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  • EnergyETFsS3 Research

    Buffett Crashes the U.S. Airline Sector

    by Ihor Dusaniwsky

    This weekend Berkshire Hathaway’s Warren Buffet sold his stake in his four airline holdings, United (UAL), American (AAL), Delta (DAL) and Southwest (LUV) that he initiated in 2016 at a loss. He stated that the industry “changed in a very major way” and “the future is much less clear to me.” The sector is down -4.75% for the day on the news.

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