Short Sellers Increase Bets Against SpaceX After 30% Drop
Short interest in SpaceX has risen from 8% to 13% following a 30% decline in its share price, indicating growing bearish sentiment. Some analysts caution that elevated short positions could trigger a short squeeze.
Short sellers have ramped up their bearish bets on SpaceX after the company's shares slid 30% from recent highs. Data shows short interest climbed from 8% to 13%, reflecting increased expectations of further weakness.
The surge in short positions has drawn attention from market observers. While the move signals prevailing negative sentiment, some analysts warn that the high concentration of short interest could set the stage for a powerful short squeeze if the stock reverses course.
Investors are now watching for any positive catalysts that could force shorts to cover, potentially amplifying upward moves.
Source: First Squawk