Tesla (TSLA US) short interest is $9.55 billion, with 27.78 million shares shorted for 21.61% of float. Stock borrow rate is G.C. (General Collateral – the cheapest stock borrow rate for the easiest to borrow stocks.)
Tesla short sellers continue to trim their positions as its stock price continues to trade in a $325 – $355 range in November. We saw 2.15 million shares covered this month, a -7.19% decrease, as its stock price rose by +2.93%. Tesla’s November price move is adding to an already painful year for short sellers, shorts have incurred another $196 million in mark-to-market losses this month, bringing year-to-date mark-to-market losses to $1.68 billion, -16.16%.
We are still seeing the large long-term tesla shorts holding onto their positions, but smaller traders and funds continue to trim their positions and cut their losses.
Want deeper insight into the above analysis?
Contact: [email protected]
Managing Director Predictive Analytics, S3 Partners, LLC
For more information on S3’s reporting, data and analytics solutions, email us at [email protected]. Start your free trial of the BLACK App – the only source of real-time short interest on the Bloomberg Terminal or Thomson Reuters Eikon.
For short side data and access to our research reports go to https://shortsight.com/ .
The information herein (some of which has been obtained from third party sources without verification) is believed by S3 Partners, LLC (“S3 Partners”) to be reliable and accurate. Neither S3 Partners nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein or accepts liability arising from its use. Prior to making any decisions based on the information herein, you should determine, without reliance upon S3 Partners, the economic risks and merits, as well as the legal, tax, accounting and investment consequences, of such decisions.