THE DATA IS THE NEWS

Stocks

  • AppleS3 Research

    Apple Shorts Active Ahead of Earnings

    by Ihor Dusaniwsky

    Apple Inc (AAPL) short sellers have been active ahead of the today’s earnings announcement. AAPL short interest is $10.86 billion, 92.8 million shares shorted, 0.54% of its float and a 40 bps stock borrow cost (general collateral). AAPL is now the third largest short in the U.S. market behind Tesla Inc (TSLA) and Alibaba Group ADR (BABA).

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  • S3 ResearchTesla

    TSLA Shorts up $7.1 Billion in September

    by Ihor Dusaniwsky

    To paraphrase the Grateful Dead, “what a long strange EV trip it’s been”. Tesla Inc’s (TSLA) stock price rocketed up +496% from January to August, but after its 5 for 1 stock split ex-date on August 31st and $5 billion stock offering on September 1st its stock price is down -18.3% in the first three days of September and down another -6.3% in today’s mid-day trading. TSLA continues to the largest short by a wide margin not just in the U.S. but also worldwide. TSLA short interest is $24.4 billion; 59.93 million shares shorted; 8.09% short interest % of float. Tesla remains a General Collateral stock borrow at 0.30% fee, the cheapest borrow rate for the easiest to borrow stocks.

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  • S3 ResearchStocks

    DGAZF ETN Short Sellers Down $2 Billion

    by Ihor Dusaniwsky

    Short selling equities and Exchange Traded Products such as ETFs and ETNs are usually a relatively safe and straight forward process for educated investors but there are times when short selling can be a significantly more volatile and risky trade than normal long buying. Recently Credit Suisse’s VelocityShares Daily 3X Inverse Natural Gas ETN’s (DGAZF) stock price rose more than 2000% and short sellers incurred -$2 billion in mark-to-market losses. DGAZF is the 15th most shorted domestic ETF\ETN with $2.1 billion of short interest; 140 thousand shares shorted; 45.94% of its float and a 19% stock borrow fee.

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  • AlphabetAmazonAppleFacebookS3 Research

    AMZN AAPL GOOG FB Short Covering

    by Ihor Dusaniwsky

    After a Judicial Committee Anti-Trust Panel hearing where mega-tech CEO’s Jeff Bezos of Amazon.com Inc (AMZN), Tim Cook of Apple Inc (AAPL), Sundar Pichai of Alphabet Inc (GOOG, GOOGL) and Mark Zuckerberg of Facebook Inc (FB) were grilled for several hours on a myriad of topics from anti-competitive practices to protection of personal information they will now face investor scrutiny of their 2nd quarter earnings. These are some of the most shorted stocks in the U.S. market and used as an overall portfolio Beta hedge and straight out Alpha generator.

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  • S3 ResearchTesla

    TSLA Short Squeeze Getting Tighter

    by Ihor Dusaniwsky

    Tesla Inc (TSLA) reported its quarterly earnings after the close yesterday and reported $104 million of second quarter profits, its fourth consecutive quarter of profitable GAP profits which was the final hurdle for being considered for inclusion into the S&P 500.  By beating consensus expectations its 2020 rally will probably continue and its short squeeze will not only endure but get even tighter as this year’s massive mark-to-market short losses continue to mount. Tesla short interest is $20 billion; 12.54 million shares shorted; 8.51% short interest % of Float; and a 0.30% stock borrow fee. TSLA is the largest short in the domestic equity\ ADR market.

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  • S3 ResearchTesla

    NKLA & TSLA – EV Short Squeezes

    by Ihor Dusaniwsky

    Tesla continues to be the largest equity short in the domestic market with $19.2 billion of short interest. TSLA recently hit a short interest level of $19.95 billion and is poised to be the first stock to hot the $20 billion short interest threshold. NKLA short interest is $390 million, the fourth largest short in the Construction machinery & Heavy Truck Sector. Both Nikola Corp (NKLA) and Tesla Inc (TSLA) are continued short squeeze candidates for different reasons.

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  • S3 ResearchSquare

    Square Shorts Covering Ahead of Earnings

    by Ihor Dusaniwsky

    Square Inc (SQ US) is the second largest short in the Data Processing & Outsourced Services Sector and has been a popular short this year. Shares shorted have increased by +2.71 million shares, +$217 million, in 2020 even as its stock price rose by 28.21%. But that short activity occurred in January when shares shorted increased by +3.46 million, +$277 million. In February, shares shorted decreased by -752 thousand shares, -$60 million. Short sellers have been actively trimming their short exposure since February 5th, covering -2.50 million shares, -$201 million as SQ’s stock price rose 2.50%.

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