Key Points
June 9 (Reuters) - Traders who have sold Tesla Inc (TSLA.O) shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker's current winning streak, according to the latest data from S3 Partners.. Tesla's current rally, which will span 11 sessions if it closes Friday's session higher, has the stock up around 35% since May 24...
And Tesla is the largest short in the world, according the S3's head of predictive analytics Ihor Dusaniwsky, who says $22.43 billion worth of Tesla shares have been sold short...
And in the past thirty days bearish bets expanded further, with 1.3 million more shares worth $303 million, sold short, representing a roughly 1.4% increase even as Tesla's stock price rose 39%, Dusaniwsky said.. Tesla shares on Friday traded up 4.4% at $245.08 after earlier hitting its highest level since early October...
