After rising for six consecutive months from 23,483,222 shares to 31,121,093 shares, Tesla’s monthly short interest position declined over the last two months ending December 31, 2012, from a high of 31,121,093 shares to 26,854,593 shares, a decline of 13.7%. The short position, though still high, has a reduced possibility of a short squeeze.
The next short position report will be out in two weeks on January 25, 2013.
Hey Rip, you're down 300k today, right. Probably not the best time to be giving advice? Why the steep drop? Perhaps new reservations aren't doing that well? What do think? Why not give Elon a buzz and let us know what's really happening. Thanks.
With shorts closing out their positions at Tesla highs for share price, most are suffering losses. Either they are running up against margin calls, or they see greater losses ahead for short sellers. So while the possibility of a short squeeze seems diminished, the fact shorts are running for the exits is positive for Tesla as a company. In short, the shorts don't want to be short.