Apple supplants Tesla as Wall Street’s biggest short bet

Tesla spent 864 days as Wall Street’s biggest short bet. Now it’s Apple. A total of more than $18 billion is bet against Cupertino, research firm reports, overtaking longtime leader Tesla for the first time since April 2020.

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Emily Bary for MarketWatch:

Apple Inc. is now Wall Street’s biggest short bet, displacing Tesla Inc., which had held the title nonstop since the early days of the COVID-19 pandemic.

Short interest in Apple was $18.4 billion as of Wednesday, while short interest in Tesla TSLA, 0.88% was $17.4 billion, according to research from S3 Partners.

The gradual change largely reflected short sellers trimming exposure to Tesla, rather than big changes in actively shorting of Apple, S3 Partners’ managing director of predictive analytics Ihor Dusaniwsky wrote in a research note.

“While short interest shows us dollars at risk, it does not show us the short trading activity that directly affects a stock’s price,” he explained. “Increases or decreases in short interest are a function of an increase or decrease in shares shorted and the change in a stock’s price,” he said. “Therefore, if shares shorted stay static but a stock’s price increases, its short interest increases — but with no short-side trading in the stock, short selling or short covering, the change in short interest has no effect on the rise or fall of the underlying stock’s market price.”

MacDailyNews Take: So expect the anti-Apple FUD fomenting out of the shorts to ramp up.

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  1. It’s not the “Butterfly Effect” thing. It’s the ‘Biden Democrats Effect’ thing! You can’t escape it.

    Why just the other day this idiot was refilling the Strategic Oil Preserves with oil costing $80.00 a barrel, two years after Trump wanted to fill it when oil only cost $24.00 a barrel but was blocked by the stupid Democrats.

    So, you can understand this whole shorting of Apple thing.

    It’s not “the adults are in charge”, but rather, the idiots are in charge!

      1. With lower priced:
        Fuel for my car
        Food from the grocery store
        Dining out and I’m talking fast food
        Electricity to light my home
        Gas to heat my home
        Public Utilities for water/sewage
        Trash pick-up
        Pest services from extermination company

        These bills and expenses are but just a few off the top of my head that have increased the past year and a half. I will take “complete idiots in charge on steroids” and lower costs any day of the week over the current collection of shitheads that work with that half brain dead resident of the United States.

        YOU may like being F’d in the ass by high prices caused by career government morons, but as for me, “Steroids, baby”!

        “No amount of evidence will ever persuade an idiot.” – Annonymous

        “It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt.” – Mark Twain

      2. And we continue to suffer complete idiots and morons, that stalk and denigrate screen names, while fraudulently MANIPULATING VOTES to build themselves up — it’s ALL A LIE. @Gassy GoeB: 73 four-star votes and same timeframe falsely downvoting opponent @It’s a sure thing with 100 1.5-star votes. All that wasted time accomplishing NOTHING. Lot easier to be a moron.

        ~~~ Bodega growing again today, now living RENT FREE in SIX empty heads: @Gaslit GoeB, @Super-Gaslit GoeB, @Gaslit Garbage GoeB, @Gullible Gaslit GoeB, Groveling GoeB and today: Gassy GoeB…


  2. Wow, voting has reached illogical records. The Man with Gas has an inside method and, he appears to be like FB…using methods of his tribe to besmirch those not favored. Then again, S-Thing may be the one with tribal magic. Deception is like dessert to your buds? It’s like desert to the rest.

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