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Tesla short-sellers back in force as shares remain shaky

“As of Thursday, 34.75 million Tesla shares were sold short, up from 34.67 million shares on Monday, S3 data showed” reports businessinsider.com. Short-sellers racked up paper losses of $1.3 billion on Tuesday after Tesla shares rallied 11 percent. Tesla shares were down -0.9 percent at $355.78, on Friday morning.Emboldened, shorts have pushed Tesla short interest percentage to 27.3 percent of the float on Thursday, up from 27.2 percent on Monday, S3 data showed.Since then, the shares have given up all the gains and short-sellers have recouped about a $1 billion, the data showed.
 
Source: businessinsider.com



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