Business
Tesla stock-split rally barely dents short sellers’ faith – The Australian Financial Review
Investors who believe Tesla’s near four-fold share price increase this year is on thin ice are having their faith retested.
In an email, Mr Dusaniwsky said “Tesla shorts have been covering in this recent rally as they are being squeezed out of their positions due to large mark-to-market losses”, partially due to planned stock split.
According to S3 data, shares shorted have decreased by 1.47 million shares ($US2.28 billion in market value ) over the last month, a decrease of 12.12 per cent as its stock price rose 3.85% through Wednesday.
Shares shorted have decreased by 681,000 ($US1.06 billion in market value ) ov…
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