Tesla short sellers $2 billion in the red for June as shares soar
Wednesday, 13 June 2018 () NEW YORK (Reuters) - The surging share price for automaker Tesla Inc this month has slammed short-sellers of the stock with more than $2 billion in losses on paper so far in June, according to financial analytics firm S3 Partners.
According to a financial analytics provider, Tesla's short interest is on the rise, and that's not good. Data compiled by S3 Partners found that short interest for Tesla has risen almost 30-percent in two months, and currently sits at $11.4 billion. But short interest is a measure of bets against a...
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