Oracle, Nvidia, Tesla See Short Sellers Pull Back, DJT's Shorts Jump 36X

Oracle, $NVIDIA(NVDA)$   and $Tesla Motors(TSLA)$   saw short sellers pull back, tracking the decline in total trading volume as investors and traders wind down their activities ahead of the holidays. 

Trading in borrowed $Oracle(ORCL)$   stock fell to 3.99 million shares Thursday, from 4.38 million shares a day earlier. Still, short volume accounted for 11% of the total number of shares that changed hands when the stock bounced 0.9%, tracking gains of the wider $S&P 500(.SPX)$  . 

The short volume fell before Oracle advanced 4% in early trading Friday after news reports that TikTok's parent company $ByteDance (FT0001.)$ has signed agreements with a group of buyers led by Oracle, setting in motion a plan for the social media company to be bought by American investors. 

Oracle, Silver Lake and MGX will each own 15% of the joint venture, while ByteDance will retain a 19.9% stake, and affiliates of some of the existing investors of the Chinese company will hold 30.1%, Barron's reported, citing ByteDance CEO Shou Zi Chew's memo to employees. 

$NVIDIA(NVDA)$  's short volume declined to 14.7 million shares Thursday, from 22.48 million shares a day earlier as the stock advanced, raising the risk of a squeeze for speculators betting on a potential reversal of a 30% rally this year for the company that dominates the market for chips that power artificial intelligence. 

On Friday, the stock headed higher after Reuters reported that the Commerce Department has sent license applications for Nvidia chip sales for review by the State, Energy and Defense Departments, putting the company a step closer to shipping the products to China. 

$Tesla (TSLA.US)$'s short volume declined to 7.61 million shares Thursday, from 8.51 million shares a day earlier as the stock advanced, taking its gains over the past month to 20.5%, the biggest among its Magnificent Seven peers. 

Deutsche Bank analyst Edison Yu raised the target on to $500 from $470, implying further upside for a stock that already touched an intraday all-time high of $495.28 on Wednesday.

Trading in shorted $Trump Media & Technology (DJT.US)$ shares soared more than 36X to 13.21 million shares Thursday as the stock surged almost 42%, buoyed by news that the company is merging with nuclear fusion company TAE Technologies. 

That short volume, represented about 13% of the total number of shares that changed hands that day, surpassed the 11.48 million short interest, or the tally of outstanding short positions that haven't been closed as of the end of November, the latest exchange data available showed.  

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