Short people got no reason to live

Screen Shot 2016-03-21 at 12.25.13 PMThis database will update March 24, to reflect changes through the first half of March. In the meantime, look at the short interest through the end of February. Splendid! Once again, a TSLA short position is a venus fly trap for those with an insect-caliber understanding of Tesla. So the countdown to Model III is also a countdown to liftoff of TSLA shares, powered by short fuel including a squirt from allegedly all-knowing Citron.

For those unfamiliar with investing, short sellers have already borrowed TSLA shares and sold it to investors. But now they’re obligated to buy, and they’re paying interest while they wait. They’re counting on a chance to buy low, so they can pocket the difference. A short squeeze happens when shorts panic en masse and start buying frantically, convinced the share price is headed nowhere but up and they’re about to lose their shirts. The frenzied buying, of course, drives up the price. “Days to cover” means the fun could continue for about six and a half days.

Screen Shot 2016-03-21 at 11.25.42 AM

Update. Looks like short interest waned a bit. This probably contributed to some of the buoyancy in the stock lately. Some shorts covered their positions (bought the stock).

Screen Shot 2016-03-25 at 6.52.25 AM

 

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2 thoughts on “Short people got no reason to live

  1. […] Short People Got No Reason To Live […]

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