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SpaceX Short Interest Soars Ahead of Big Share Unlock, Earnings

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SpaceX Short Interest Soars Ahead of Big Share Unlock, Earnings Short sellers have piled into SpaceX at a rapid pace ahead of two major milestones next week: the company’s first earnings report as a public company and the release of hundreds of millions of locked-up shares. Short interest stood at 219.3 million shares as of July 29, equal to about 34% of the shares available for public trading, up from 23.3 million when the data was first reported on June 16, according to S3 Partners. The...

SpaceX Short Interest Soars Ahead of Big Share Unlock, Earnings Short sellers have piled into SpaceX at a rapid pace ahead of two major milestones next week: the company’s first earnings report as a public company and the release of hundreds of millions of locked-up shares. Short interest stood at 219.3 million shares as of July 29, equal to about 34% of the shares available for public trading, up from 23.3 million when the data was first reported on June 16, according to S3 Partners. The bearish position is worth $24.6 billion, exceeding the value of short bets against Tesla Inc., the other major public company led by Elon Musk
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Originally published by Bloomberg Technology Read original →