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by dev-ns8
2012 days ago
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We have to assume this is partly the reason for the parabolic increase in TSLA stock price don't we? Thinking out loud here, correct me if I'm wrong anywhere.. According to your second source, there was $14.5B worth of shorted shares on 1/14/2020 and the closing price for $TSLA on that day was $107.58. According to the source below [1], as of 11/15/2020 there was $27.19B worth of short shares. Closing price 11/16 was $408.09 Shares shorted 1/14/2020: 14.5B / 107.58 = 134.78 Million Shares Shares shorted 11/16/2020: 27.19B / 408.09 = 66.62 Million Shares According to TSLA July 2020 10Q they had 186M shares outstanding [2] so while not the most accurate when comparing a 9 month change in Shorted shares, we can estimate in the neighborhood of 1/3rd the shares on the market were covered by short sellers. [1] https://www.marketbeat.com/stocks/NASDAQ/TSLA/short-interest...
[2]https://www.sec.gov/Archives/edgar/data//1318605/00015645902... |
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