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by jcnnghm
4796 days ago
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I can't imagine this not squeezing. The short interest would take 7 days at 4 million shares a day to cover [1], and is about 45% of the float, assuming people haven't been covering for the last couple of weeks. Many of the shorts were opened when Tesla was trading around $40. I am really interested in seeing the updated short interest data from Nasdaq, which will be released tomorrow. If those numbers still show big short interests, expect big banks to hammer the stock up. I sold some shares for a little over $70 after-hours. [1]: http://www.nasdaq.com/symbol/tsla/short-interest |
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