Economic TimesLean R·
US Stock Market: Heavy short selling puts spotlight on SpaceX's volatile post-IPO journey
Short sellers have dramatically increased their bets against SpaceX, with nearly a third of its tradable shares now sold short. Despite initial paper profits, a recent stock rebound has led to substantial losses for these bearish investors. This surge in short interest, unusual for a new public company, could fuel further volatility and potentially trigger a short-covering rally as investors rush to limit their mounting losses.
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