Electric Vehicle Jolts: Stocks That Have Scorched Shorts This Year Vs. the Short Winners

Seekingalpha2023-07-20

S3 Partners Research updated on Wednesday on the short interest backdrop in the U.S. Auto & Truck manufacturing sectors. Ihor Dusaniwsky noted short interest on automaker names is at $43.6B, with ...

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Nackky
2023-07-20
Nackky
$PLTR(PLTR)$
ck92
2023-07-20
ck92
Y

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Ihor Dusaniwsky noted short interest on automaker names is at $43.6B, with ...</p>\n\n<a href=\"https://seekingalpha.com/news/3988789-electric-vehicle-jolts-stocks-that-have-scorched-shorts-this-year-vs-the-short-winners\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Electric Vehicle Jolts: Stocks That Have Scorched Shorts This Year Vs. the Short Winners</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElectric Vehicle Jolts: Stocks That Have Scorched Shorts This Year Vs. the Short Winners\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-20 16:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3988789-electric-vehicle-jolts-stocks-that-have-scorched-shorts-this-year-vs-the-short-winners><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>S3 Partners Research updated on Wednesday on the short interest backdrop in the U.S. Auto & Truck manufacturing sectors. Ihor Dusaniwsky noted short interest on automaker names is at $43.6B, with ...</p>\n\n<a href=\"https://seekingalpha.com/news/3988789-electric-vehicle-jolts-stocks-that-have-scorched-shorts-this-year-vs-the-short-winners\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MULN","symbol_name":"Mullen Automotive","start_time":0,"source_url":"https://seekingalpha.com/news/3988789-electric-vehicle-jolts-stocks-that-have-scorched-shorts-this-year-vs-the-short-winners","article_id":"2352620053","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2352620053","pubTimestamp":1689842434,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"More on auto stocks:  Tesla earnings preview EV jolts: Rivian Automotive could break free of exclusivity deal with Amazon Lucid Group is expected to face more pressure to meet deliveries expectations","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MULN":"Mullen Automotive","SOLO":"Electrameccanica Vehicles Corp.","CVNA":"Carvana Co.","RIVN":"Rivian Automotive, Inc.","HYZN":"Hyzon Motors Inc.","NKLA":"Nikola Corporation","GOEV":"Canoo Inc.","LI":"理想汽车","WKHS":"Workhorse Group, Inc.","VRM":"Vroom, Inc.","FFIE":"Faraday Future","NIO":"蔚来","TSLA":"特斯拉","LCID":"Lucid Group Inc","XPEV":"小鹏汽车","FSR":"菲斯克"},"translate_title":"电动汽车颠簸：今年烧焦空头的股票与短赢家","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVNA":1,"FFIE":1,"FSR":1,"GOEV":1,"HYZN":1,"LCID":1,"LI":1,"MULN":1,"NIO":1,"NKLA":1,"RIVN":1,"SOLO":1,"TSLA":1,"VRM":1,"WKHS":1,"XPEV":1},"content_text":"S3 Partners Research updated on Wednesday on the short interest backdrop in the U.S. Auto & Truck manufacturing sectors. Ihor Dusaniwsky noted short interest on automaker names is at $43.6B, with about $33.3B of that tally in electric vehicle stocks. The largest short by dollars is Tesla with $26.3B of short interest with Rivian Automotive Inc , NIO Inc ADR , Lucid Group Inc and Li Auto Inc ADR  all distant laggards strictly by dollars. The auto sector continues to be a favorite target of short sellers. Float for automakers at an average of 6.14% is higher than the U.S. market average of 4.99% and average stock borrow costs of 1.49% in fees are almost double the U.S. market average of 0.77% in fees.There were only five automaker stocks with over $100M of year-to-date mark-to-market profits for shorts, while there were six stocks with over $100M in year-to-date mark-to-market losses. The EV stocks that have been big winners for shorts in 2023 are Mullen Automotive, Lordstown Motors (OTC:RIDEQ), Faraday Future, Workhorse Group (WKHS), and Canoo (GOEV). 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