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Looking Into Tesla's Recent Short Interest

Looking Into Tesla's Recent Short Interest
Tesla's short percent of float has risen 203.85% since its last report. The company recently reported that it has 60.77 million shares sold short, which is 2.37% of all regular shares that are available for trading. Based on its trading volume, it would take traders 0.7 days to cover their short positions on average.
Tesla Short Interest Graph (3 Months)
Looking Into Tesla's Recent Short Interest
As you can see from the chart above the percentage of shares that are sold short for Tesla has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted. $Tesla(TSLA.US)$
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