Tesla Remains Wall Street's Bearish Betting Chip Among Large-Caps, But A Hot AI Play's Short Interest Also Surges
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (TSLA) remains the most-shorted large-cap stock in the U.S., with a Hazeltree Crowdedness Score (HCS) of 99, indicating high short interest. Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) also have high HCS scores of 94 and 92, respectively. Apple Inc. (AAPL) saw a decrease in short interest, while Super Micro Computer, Inc. (SMCI) and Charter Communications, Inc. (CHTR) saw increases in their HCS scores. Tesla's stock struggles are attributed to weakening demand, aggressive pricing, and opaque communication from management.
March 13, 2024 | 7:18 am
News sentiment analysis
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NEGATIVE IMPACT
Charter Communications sees an increase in short interest, matching Super Micro with an HCS of 87.
The increase in Charter Communications' HCS score suggests heightened short interest, potentially leading to negative short-term implications for its stock.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Super Micro's HCS score increases, placing it among the most-shorted stocks amid the AI boom.
Despite the AI sector's growth, Super Micro's rising HCS score indicates growing short interest, which could negatively affect its short-term stock performance.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Tesla remains the most-shorted stock with high investor pessimism, facing demand and pricing challenges.
Tesla's high short interest and ongoing challenges with demand and pricing strategy likely contribute to negative investor sentiment, potentially impacting its short-term stock performance negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Chevron has a high HCS score despite rebounding oil prices, indicating significant short interest.
While Chevron's high HCS score suggests notable short interest, the rebound in oil prices may mitigate negative impacts, leading to a neutral short-term outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Exxon Mobil also shows high short interest with an HCS of 92, amidst recovering oil prices.
Exxon Mobil's significant short interest, reflected by its HCS score, could be balanced by the positive effects of recovering oil prices, suggesting a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Apple's short interest decreases, indicating potential optimism for a stock price reversal.
The decrease in Apple's HCS score may reflect growing investor confidence and optimism, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80