Re:Tesla Financial Results 2019 Q4
by runawaybottle on Wednesday January 29, 2020 @05:05PM
(#22186382)
Short squeeze I think.
[ Parent
| on HN ]
this. It's still one of the most, if not the most shorted stock. As long as people keep shorting, the squeezes will keep propelling the stock higher, regardless of fundamentals. 1 week ago you might think it's overvalued and the meltup's run its course, but look where it's at AH today.
There still is billions of dollars short this company. Not that much has changed
> Not that much has changed
The short interest has declined from a high of ~44 million shares in mid-May last year to about 25 million shares currently, which is currently 18.7% of float.
[1] - https://twitter.com/ihors3/status/1222630157535588352/photo/...