Tesla short sellers are now down in mark-to-market losses of more than $5.2 billion in 2020, after losing $2.89 billion in 2019.
It scuks to be a Tesla short seller at the moment. Tesla shorts have held 19.11 million shares, worth $11.1B, since the stock’s low in June 2019 and they are down about $12.43B in mark-to-market losses.
According to estimates data firm S3 Analytics’ Ihor Dusaniwsky: Tesla short sellers are now down on mark-to-market losses of over $5.2B this year alone after losing $2.89B in 2019. Nevertheless, Dusaniwsky clarified that in terms of short equity value, Tesla is still the most shorted stock on the U.S. market, a title regained earlier this month from Apple. Having passed Tesla in September, the iPhone manufacturer had been the most shorted stock on the U.S. market in terms of total value sold short.