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Stocks

  • 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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  • Netflix Inc (NFLX) short sellers cut their short exposure in 2018 by 37%, covering 8.1 million shares of shorts as they lost $2.04 billion, -34.90%, in mark-to-market P\L. In the first month of 2019 we are seeing a reversal of the trend, with short sellers adding 1.35 million shares of new shorts, +9.7%, in less than three weeks. While NFLX short interest has climbed 45%, to $5.36 billion, short seller’s losses continued to mount this year, down another $1.2 billion in mark-to-market losses in less than a month.

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  • Consumer DiscretionaryS3 ResearchSectorsStocksUncategorized

    S3 Analytics Lululemon Update

    by S3 Partners

    Lululemon Athletica  Inc (LULU) shares short selling is increasing along with its stock price. Shares shorted has increased by 969k, +17%, in 2019 even as LULU’s stock price is up 17% on the year. The trend continues as we are seeing continued short selling over the last week even as LULU breaks through the $140/level for the first time since November 2018. Shares shorted increased by 395k, +6.7%, as LULU’s stock price rose by 4.6%.

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  • The mergers and acquisition activity in the Cannabis Sector continued today with Green Growth Brands Ltd. offering $2.1 billion in a hostile takeover of Aphria Inc (APHA). This follows Altria Inc’s announced $1.8 billion investment in Cronos Group (CRON); Constellation Brands purchase of 5.5% of Canopy Growth Corp (CGC); Molson Coors Brewing Co’s joint venture with HEXO Corp (HEXO); and Anheiser-Busch Inbev’s research partnership with Tilray Inc (TJRY).

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  • NIO Inc (NIO US) short interest is 41.3 million shares short, 5.37% of shares outstanding and $317.98 million at risk wagering on a stock price decline.

    Referred to as the “Tesla of China”, the Shanghai-based company manufactures and sells autos, offering electric vehicles, parts, and battery charging services.

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