Peering Into Tesla's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Tesla's (NYSE:TSLA) short percent of float has risen 5.74% since its last report, with 96.48 million shares sold short, which is 3.5% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, Tesla has less short interest as a percentage of float, with an average of 11.02%.
July 03, 2023 | 2:46 pm
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Tesla's short percent of float has increased, indicating a bearish market sentiment. However, compared to its peers, Tesla has less short interest.
The increase in short interest indicates that traders are expecting the price of Tesla's stock to fall. However, the fact that Tesla has less short interest compared to its peers could mean that the market is less bearish on Tesla than on other similar companies.
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