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Tesla: Most Shorted Doesn't Mean Much
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agreed","listText":"Yes agreed","text":"Yes agreed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903750970","repostId":"2255309371","repostType":4,"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903727521,"gmtCreate":1659080799864,"gmtModify":1676536255248,"author":{"id":"4092878153691720","authorId":"4092878153691720","name":"sham0","avatar":"https://static.itradeup.com/news/4041e7de9ecaac0c2c0d1a8e019d4605","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"True ","listText":"True ","text":"True","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903727521","repostId":"2255371707","repostType":4,"repost":{"id":"2255371707","pubTimestamp":1659042167,"share":"https://www.laohu8.com/m/news/2255371707?lang=&edition=full","pubTime":"2022-07-29 05:02","market":"us","language":"en","title":"Tesla: Most Shorted Doesn't Mean Much","url":"https://stock-news.laohu8.com/highlight/detail?id=2255371707","media":"Seekingalpha","summary":"SummaryShort sellers in focus after company's Q2 earnings report.Dollar value of short interest high","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Short sellers in focus after company's Q2 earnings report.</li><li>Dollar value of short interest high, but percentage of float not.</li><li>Upcoming stock split won't cause a major short squeeze.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87016957515dc8f9ade447949664fba7\" tg-width=\"1080\" tg-height=\"750\" referrerpolicy=\"no-referrer\"/><span>Win McNamee</span></p><p>Shares of electric vehicle maker Tesla (NASDAQ:TSLA) jumped nicely last week after the company's Q2 earnings report. While it wasn't a blowout quarter by any means, the results were good enough for investors and sentanalyst estimates for the year a little bit higher. The nearly 10% rally again put short sellers in the spotlight, but the headlines surrounding this key stock item don't exactly tell the whole story.</p><p>After the post-earnings rally, articles were published like this one detailing how short sellers lost a billion dollars in early trading last Thursday. By the end of the day, I believe the number was nearly twice that as the rally extended. Of course, with the stock currently down almost $300 for the year, 2022 has been a very profitable year overall for Tesla bears.</p><p>Regardless of who is winning, when you look at Tesla and the naysayers, the above article talked about Tesla being the most shorted name in the market. That is true in terms of pure dollars, i.e., the dollar value of the shares short. So for Tesla, when you had roughly 27 million shares short at the end of June and a price of say $800, you'd be talking about $21.6 billion worth of Tesla shares short. No other stock in today's market is that high, even a name like Apple (AAPL) that has a much higher overall market cap.</p><p>Before I get into today's main point, I just wanted to update everyone on where short interest stands. After Tuesday's closing bell, NASDAQ released its bi-monthly update on this important item. For the first half of July, Tesla short interest came down by more than 3.6 million shares to less than 23.5 million shares. As you can see in the chart below, the number of shares short is near its lowest point in a number of years.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95ef1403699fced4c18abb16b3424af3\" tg-width=\"640\" tg-height=\"345\" referrerpolicy=\"no-referrer\"/><span>Tesla Short Interest (NASDAQ)</span></p><p>For a lot of investors, a headline like "most shorted" would make them believe that a massive short squeeze could be possible. However, this really isn't the case for Tesla today. The reason why is that even though there is a large dollar amount of shares short, the number of shares short is a very low percentage of Tesla's float and/or outstanding shares. If we use Yahoo! Finance data, just 2.72% of Tesla's float is short, which is a rather low number. When I've discussed short squeeze candidates over the years, I've been talking about names that have 20%, 30%, or more of their float short. That's where Tesla was years ago, but it is not anywhere close to being there anymore.</p><p>In a similar way, Tesla's days to cover ratio has been under 1 at many of the recent NASDAQ updates on short interest. This number is the number of days it would take all short sellers to cover their short positions, based on average trading volume in the stock. If you are looking for short squeeze candidates, a day to cover ratio in the high single digits or even double digits is worth a look, but less than 1 like at Tesla doesn't help this argument.</p><p>In fact, I ran a stock screener on Finviz for S&P 500 companies to see where Tesla stands. It turns out that Tesla was only the 112th most shorted name in this major index in terms of percentage of float short. Finviz also has a lower float number for Tesla than Yahoo does, and it may not yet have Tuesday's drop in short interest updated yet. If I use the 2.72% of float figure based on Yahoo data, Tesla drops another roughly 20 spots, meaning it's not even in the top quarter of S&P 500 names in terms of short percentage of float.</p><p>I bring up the idea of a potential short squeeze here today because of the upcoming stock split. Tesla bulls like Gary Black, who manages the Future Fund Active ETF (FFND) with Tesla as its largest holding, has the split on his catalyst list as seen in the graphic below. When Tesla split last time in 2020, shares rocketed higher, and a number of bulls are hoping for a repeat of that situation this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ccb8a81405f5ce00ee42f23db5331f1\" tg-width=\"364\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/><span>Tesla Catalysts (Gary Black Twitter)</span></p><p>A couple of months ago, I warned investors not to expect the same results this time around for this upcoming stock split. You have a much higher market cap this year, and there is no major catalyst like the S&P 500 inclusion to really help out. Additionally, short interest has actually decreased by more than 2.15 million shares since I last discussed this item, with the percentage of float short down by about 50 basis points. Tesla is even less of a short squeeze candidate than it was two or so months ago when I first discussed the stock split.</p><p>Twitter (TWTR) investors are set to vote on Elon Musk's proposed buyout on September 13th, while Elon's legal team and Twitter's lawyers are currently fighting over the date for their October trial regarding the CEO's attempt to back out of the deal. The potential purchase has caused an overhang on Tesla shares for a couple of months, as investors wonder whether Elon Musk will need to sell any additional shares to fund the purchase.</p><p>As for Tesla shares, they closed a little under $777 on Tuesday, so they've lost a bit of their post-earnings gains. In the past couple of weeks, we've seen the average price target on the street rise by about $20 to more than $911 per share, implying a decent upside from here. However, that target is down about $100 from where it was a little more than three months ago. As the chart below shows, the stock is currently stuck between its two key moving averages. The good news for investors is that the 50-day (purple line) is starting to rise again, which could provide some support, but the stock remains well below its 200-day moving average (orange line).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/671fc0d472e0ba26a4b60a51f69d7a9d\" tg-width=\"640\" tg-height=\"269\" referrerpolicy=\"no-referrer\"/><span>Tesla Last 6 Months (Yahoo! Finance)</span></p><p>In the end, recent headlines have talked about Tesla being the most shorted name out there, but that doesn't tell the entire story. The electric vehicle maker has the highest amount of dollars bet against it in today's market, but it's not a highly shorted name in terms of days to cover or percentage of float. As a result, investors looking for a short squeeze are likely to be disappointed, especially with the number of shares short close to multi-year lows. The upcoming stock split may help the stock a little, but for a repeat of the 2020 surge to occur, investors are going to need a lot more bullish catalysts.</p></body></html>","source":"seekingalpha","collect":0,"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>Tesla: Most Shorted Doesn't Mean Much</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\">\nTesla: Most Shorted Doesn't Mean Much\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-29 05:02 GMT+8 <a href=https://seekingalpha.com/article/4526913-tesla-stock-most-shorted-doesnt-mean-much><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryShort sellers in focus after company's Q2 earnings report.Dollar value of short interest high, but percentage of float not.Upcoming stock split won't cause a major short squeeze.Win ...</p>\n\n<a href=\"https://seekingalpha.com/article/4526913-tesla-stock-most-shorted-doesnt-mean-much\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4526913-tesla-stock-most-shorted-doesnt-mean-much","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2255371707","content_text":"SummaryShort sellers in focus after company's Q2 earnings report.Dollar value of short interest high, but percentage of float not.Upcoming stock split won't cause a major short squeeze.Win McNameeShares of electric vehicle maker Tesla (NASDAQ:TSLA) jumped nicely last week after the company's Q2 earnings report. While it wasn't a blowout quarter by any means, the results were good enough for investors and sentanalyst estimates for the year a little bit higher. The nearly 10% rally again put short sellers in the spotlight, but the headlines surrounding this key stock item don't exactly tell the whole story.After the post-earnings rally, articles were published like this one detailing how short sellers lost a billion dollars in early trading last Thursday. By the end of the day, I believe the number was nearly twice that as the rally extended. Of course, with the stock currently down almost $300 for the year, 2022 has been a very profitable year overall for Tesla bears.Regardless of who is winning, when you look at Tesla and the naysayers, the above article talked about Tesla being the most shorted name in the market. That is true in terms of pure dollars, i.e., the dollar value of the shares short. So for Tesla, when you had roughly 27 million shares short at the end of June and a price of say $800, you'd be talking about $21.6 billion worth of Tesla shares short. No other stock in today's market is that high, even a name like Apple (AAPL) that has a much higher overall market cap.Before I get into today's main point, I just wanted to update everyone on where short interest stands. After Tuesday's closing bell, NASDAQ released its bi-monthly update on this important item. For the first half of July, Tesla short interest came down by more than 3.6 million shares to less than 23.5 million shares. As you can see in the chart below, the number of shares short is near its lowest point in a number of years.Tesla Short Interest (NASDAQ)For a lot of investors, a headline like \"most shorted\" would make them believe that a massive short squeeze could be possible. However, this really isn't the case for Tesla today. The reason why is that even though there is a large dollar amount of shares short, the number of shares short is a very low percentage of Tesla's float and/or outstanding shares. If we use Yahoo! Finance data, just 2.72% of Tesla's float is short, which is a rather low number. When I've discussed short squeeze candidates over the years, I've been talking about names that have 20%, 30%, or more of their float short. That's where Tesla was years ago, but it is not anywhere close to being there anymore.In a similar way, Tesla's days to cover ratio has been under 1 at many of the recent NASDAQ updates on short interest. This number is the number of days it would take all short sellers to cover their short positions, based on average trading volume in the stock. If you are looking for short squeeze candidates, a day to cover ratio in the high single digits or even double digits is worth a look, but less than 1 like at Tesla doesn't help this argument.In fact, I ran a stock screener on Finviz for S&P 500 companies to see where Tesla stands. It turns out that Tesla was only the 112th most shorted name in this major index in terms of percentage of float short. Finviz also has a lower float number for Tesla than Yahoo does, and it may not yet have Tuesday's drop in short interest updated yet. If I use the 2.72% of float figure based on Yahoo data, Tesla drops another roughly 20 spots, meaning it's not even in the top quarter of S&P 500 names in terms of short percentage of float.I bring up the idea of a potential short squeeze here today because of the upcoming stock split. Tesla bulls like Gary Black, who manages the Future Fund Active ETF (FFND) with Tesla as its largest holding, has the split on his catalyst list as seen in the graphic below. When Tesla split last time in 2020, shares rocketed higher, and a number of bulls are hoping for a repeat of that situation this year.Tesla Catalysts (Gary Black Twitter)A couple of months ago, I warned investors not to expect the same results this time around for this upcoming stock split. You have a much higher market cap this year, and there is no major catalyst like the S&P 500 inclusion to really help out. Additionally, short interest has actually decreased by more than 2.15 million shares since I last discussed this item, with the percentage of float short down by about 50 basis points. Tesla is even less of a short squeeze candidate than it was two or so months ago when I first discussed the stock split.Twitter (TWTR) investors are set to vote on Elon Musk's proposed buyout on September 13th, while Elon's legal team and Twitter's lawyers are currently fighting over the date for their October trial regarding the CEO's attempt to back out of the deal. The potential purchase has caused an overhang on Tesla shares for a couple of months, as investors wonder whether Elon Musk will need to sell any additional shares to fund the purchase.As for Tesla shares, they closed a little under $777 on Tuesday, so they've lost a bit of their post-earnings gains. In the past couple of weeks, we've seen the average price target on the street rise by about $20 to more than $911 per share, implying a decent upside from here. However, that target is down about $100 from where it was a little more than three months ago. As the chart below shows, the stock is currently stuck between its two key moving averages. The good news for investors is that the 50-day (purple line) is starting to rise again, which could provide some support, but the stock remains well below its 200-day moving average (orange line).Tesla Last 6 Months (Yahoo! Finance)In the end, recent headlines have talked about Tesla being the most shorted name out there, but that doesn't tell the entire story. The electric vehicle maker has the highest amount of dollars bet against it in today's market, but it's not a highly shorted name in terms of days to cover or percentage of float. As a result, investors looking for a short squeeze are likely to be disappointed, especially with the number of shares short close to multi-year lows. The upcoming stock split may help the stock a little, but for a repeat of the 2020 surge to occur, investors are going to need a lot more bullish catalysts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040352663,"gmtCreate":1655612465052,"gmtModify":1676535671842,"author":{"id":"4092878153691720","authorId":"4092878153691720","name":"sham0","avatar":"https://static.itradeup.com/news/4041e7de9ecaac0c2c0d1a8e019d4605","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040352663","repostId":"2244469484","repostType":2,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9903750970,"gmtCreate":1659080823590,"gmtModify":1676536255256,"author":{"id":"4092878153691720","authorId":"4092878153691720","name":"sham0","avatar":"https://static.itradeup.com/news/4041e7de9ecaac0c2c0d1a8e019d4605","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Yes agreed","listText":"Yes agreed","text":"Yes agreed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903750970","repostId":"2255309371","repostType":4,"repost":{"id":"2255309371","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659047924,"share":"https://www.laohu8.com/m/news/2255309371?lang=&edition=full","pubTime":"2022-07-29 06:38","market":"us","language":"en","title":"Apple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2255309371","media":"Reuters","summary":"July 28 (Reuters) - Apple Incon Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations a","content":"<html><head></head><body><p>July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.</p><p>The Silicon Valley giant's shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.</p><p><img src=\"https://static.tigerbbs.com/957bf23c71c3987a2ad6bcd6a5c1b224\" tg-width=\"854\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker's loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple's fiscal third quarter suggest a similar pattern emerging.</p><p>Canalys Research analyst Runar Bjorhovde said, "Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors."</p><p>The slumping economy is hurting sales of advertising, accessories and home products, though, Apple's Maestri said in an interview, calling the units "pockets of weakness."</p><p>"Fortunately, we have a very broad portfolio, so we know we're going to be able to navigate that," he added.</p><p>Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.</p><p>Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.</p><p>Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.</p><p>While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.</p><p>The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.</p><p>The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.</p><p>Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.</p><p>Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.</p><p>Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.</p><p>Growth in the company's services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year's 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.</p><p>Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter's 825 million.</p><p>Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple's new proprietary processor chips.</p><p>In its most recent fiscal year, nearly a fifth of Apple's sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.</p></body></html>","collect":0,"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>Apple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy</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\">\nApple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-07-29 06:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.</p><p>The Silicon Valley giant's shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.</p><p><img src=\"https://static.tigerbbs.com/957bf23c71c3987a2ad6bcd6a5c1b224\" tg-width=\"854\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker's loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple's fiscal third quarter suggest a similar pattern emerging.</p><p>Canalys Research analyst Runar Bjorhovde said, "Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors."</p><p>The slumping economy is hurting sales of advertising, accessories and home products, though, Apple's Maestri said in an interview, calling the units "pockets of weakness."</p><p>"Fortunately, we have a very broad portfolio, so we know we're going to be able to navigate that," he added.</p><p>Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.</p><p>Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.</p><p>Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.</p><p>While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.</p><p>The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.</p><p>The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.</p><p>Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.</p><p>Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.</p><p>Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.</p><p>Growth in the company's services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year's 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.</p><p>Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter's 825 million.</p><p>Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple's new proprietary processor chips.</p><p>In its most recent fiscal year, nearly a fifth of Apple's sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2255309371","content_text":"July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.The Silicon Valley giant's shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker's loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple's fiscal third quarter suggest a similar pattern emerging.Canalys Research analyst Runar Bjorhovde said, \"Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors.\"The slumping economy is hurting sales of advertising, accessories and home products, though, Apple's Maestri said in an interview, calling the units \"pockets of weakness.\"\"Fortunately, we have a very broad portfolio, so we know we're going to be able to navigate that,\" he added.Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.Growth in the company's services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year's 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter's 825 million.Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple's new proprietary processor chips.In its most recent fiscal year, nearly a fifth of Apple's sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903727521,"gmtCreate":1659080799864,"gmtModify":1676536255248,"author":{"id":"4092878153691720","authorId":"4092878153691720","name":"sham0","avatar":"https://static.itradeup.com/news/4041e7de9ecaac0c2c0d1a8e019d4605","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"True ","listText":"True ","text":"True","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903727521","repostId":"2255371707","repostType":4,"repost":{"id":"2255371707","pubTimestamp":1659042167,"share":"https://www.laohu8.com/m/news/2255371707?lang=&edition=full","pubTime":"2022-07-29 05:02","market":"us","language":"en","title":"Tesla: Most Shorted Doesn't Mean Much","url":"https://stock-news.laohu8.com/highlight/detail?id=2255371707","media":"Seekingalpha","summary":"SummaryShort sellers in focus after company's Q2 earnings report.Dollar value of short interest high","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Short sellers in focus after company's Q2 earnings report.</li><li>Dollar value of short interest high, but percentage of float not.</li><li>Upcoming stock split won't cause a major short squeeze.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87016957515dc8f9ade447949664fba7\" tg-width=\"1080\" tg-height=\"750\" referrerpolicy=\"no-referrer\"/><span>Win McNamee</span></p><p>Shares of electric vehicle maker Tesla (NASDAQ:TSLA) jumped nicely last week after the company's Q2 earnings report. While it wasn't a blowout quarter by any means, the results were good enough for investors and sentanalyst estimates for the year a little bit higher. The nearly 10% rally again put short sellers in the spotlight, but the headlines surrounding this key stock item don't exactly tell the whole story.</p><p>After the post-earnings rally, articles were published like this one detailing how short sellers lost a billion dollars in early trading last Thursday. By the end of the day, I believe the number was nearly twice that as the rally extended. Of course, with the stock currently down almost $300 for the year, 2022 has been a very profitable year overall for Tesla bears.</p><p>Regardless of who is winning, when you look at Tesla and the naysayers, the above article talked about Tesla being the most shorted name in the market. That is true in terms of pure dollars, i.e., the dollar value of the shares short. So for Tesla, when you had roughly 27 million shares short at the end of June and a price of say $800, you'd be talking about $21.6 billion worth of Tesla shares short. No other stock in today's market is that high, even a name like Apple (AAPL) that has a much higher overall market cap.</p><p>Before I get into today's main point, I just wanted to update everyone on where short interest stands. After Tuesday's closing bell, NASDAQ released its bi-monthly update on this important item. For the first half of July, Tesla short interest came down by more than 3.6 million shares to less than 23.5 million shares. As you can see in the chart below, the number of shares short is near its lowest point in a number of years.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95ef1403699fced4c18abb16b3424af3\" tg-width=\"640\" tg-height=\"345\" referrerpolicy=\"no-referrer\"/><span>Tesla Short Interest (NASDAQ)</span></p><p>For a lot of investors, a headline like "most shorted" would make them believe that a massive short squeeze could be possible. However, this really isn't the case for Tesla today. The reason why is that even though there is a large dollar amount of shares short, the number of shares short is a very low percentage of Tesla's float and/or outstanding shares. If we use Yahoo! Finance data, just 2.72% of Tesla's float is short, which is a rather low number. When I've discussed short squeeze candidates over the years, I've been talking about names that have 20%, 30%, or more of their float short. That's where Tesla was years ago, but it is not anywhere close to being there anymore.</p><p>In a similar way, Tesla's days to cover ratio has been under 1 at many of the recent NASDAQ updates on short interest. This number is the number of days it would take all short sellers to cover their short positions, based on average trading volume in the stock. If you are looking for short squeeze candidates, a day to cover ratio in the high single digits or even double digits is worth a look, but less than 1 like at Tesla doesn't help this argument.</p><p>In fact, I ran a stock screener on Finviz for S&P 500 companies to see where Tesla stands. It turns out that Tesla was only the 112th most shorted name in this major index in terms of percentage of float short. Finviz also has a lower float number for Tesla than Yahoo does, and it may not yet have Tuesday's drop in short interest updated yet. If I use the 2.72% of float figure based on Yahoo data, Tesla drops another roughly 20 spots, meaning it's not even in the top quarter of S&P 500 names in terms of short percentage of float.</p><p>I bring up the idea of a potential short squeeze here today because of the upcoming stock split. Tesla bulls like Gary Black, who manages the Future Fund Active ETF (FFND) with Tesla as its largest holding, has the split on his catalyst list as seen in the graphic below. When Tesla split last time in 2020, shares rocketed higher, and a number of bulls are hoping for a repeat of that situation this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ccb8a81405f5ce00ee42f23db5331f1\" tg-width=\"364\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/><span>Tesla Catalysts (Gary Black Twitter)</span></p><p>A couple of months ago, I warned investors not to expect the same results this time around for this upcoming stock split. You have a much higher market cap this year, and there is no major catalyst like the S&P 500 inclusion to really help out. Additionally, short interest has actually decreased by more than 2.15 million shares since I last discussed this item, with the percentage of float short down by about 50 basis points. Tesla is even less of a short squeeze candidate than it was two or so months ago when I first discussed the stock split.</p><p>Twitter (TWTR) investors are set to vote on Elon Musk's proposed buyout on September 13th, while Elon's legal team and Twitter's lawyers are currently fighting over the date for their October trial regarding the CEO's attempt to back out of the deal. The potential purchase has caused an overhang on Tesla shares for a couple of months, as investors wonder whether Elon Musk will need to sell any additional shares to fund the purchase.</p><p>As for Tesla shares, they closed a little under $777 on Tuesday, so they've lost a bit of their post-earnings gains. In the past couple of weeks, we've seen the average price target on the street rise by about $20 to more than $911 per share, implying a decent upside from here. However, that target is down about $100 from where it was a little more than three months ago. As the chart below shows, the stock is currently stuck between its two key moving averages. The good news for investors is that the 50-day (purple line) is starting to rise again, which could provide some support, but the stock remains well below its 200-day moving average (orange line).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/671fc0d472e0ba26a4b60a51f69d7a9d\" tg-width=\"640\" tg-height=\"269\" referrerpolicy=\"no-referrer\"/><span>Tesla Last 6 Months (Yahoo! Finance)</span></p><p>In the end, recent headlines have talked about Tesla being the most shorted name out there, but that doesn't tell the entire story. The electric vehicle maker has the highest amount of dollars bet against it in today's market, but it's not a highly shorted name in terms of days to cover or percentage of float. As a result, investors looking for a short squeeze are likely to be disappointed, especially with the number of shares short close to multi-year lows. The upcoming stock split may help the stock a little, but for a repeat of the 2020 surge to occur, investors are going to need a lot more bullish catalysts.</p></body></html>","source":"seekingalpha","collect":0,"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>Tesla: Most Shorted Doesn't Mean Much</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\">\nTesla: Most Shorted Doesn't Mean Much\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-29 05:02 GMT+8 <a href=https://seekingalpha.com/article/4526913-tesla-stock-most-shorted-doesnt-mean-much><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryShort sellers in focus after company's Q2 earnings report.Dollar value of short interest high, but percentage of float not.Upcoming stock split won't cause a major short squeeze.Win ...</p>\n\n<a href=\"https://seekingalpha.com/article/4526913-tesla-stock-most-shorted-doesnt-mean-much\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4526913-tesla-stock-most-shorted-doesnt-mean-much","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2255371707","content_text":"SummaryShort sellers in focus after company's Q2 earnings report.Dollar value of short interest high, but percentage of float not.Upcoming stock split won't cause a major short squeeze.Win McNameeShares of electric vehicle maker Tesla (NASDAQ:TSLA) jumped nicely last week after the company's Q2 earnings report. While it wasn't a blowout quarter by any means, the results were good enough for investors and sentanalyst estimates for the year a little bit higher. The nearly 10% rally again put short sellers in the spotlight, but the headlines surrounding this key stock item don't exactly tell the whole story.After the post-earnings rally, articles were published like this one detailing how short sellers lost a billion dollars in early trading last Thursday. By the end of the day, I believe the number was nearly twice that as the rally extended. Of course, with the stock currently down almost $300 for the year, 2022 has been a very profitable year overall for Tesla bears.Regardless of who is winning, when you look at Tesla and the naysayers, the above article talked about Tesla being the most shorted name in the market. That is true in terms of pure dollars, i.e., the dollar value of the shares short. So for Tesla, when you had roughly 27 million shares short at the end of June and a price of say $800, you'd be talking about $21.6 billion worth of Tesla shares short. No other stock in today's market is that high, even a name like Apple (AAPL) that has a much higher overall market cap.Before I get into today's main point, I just wanted to update everyone on where short interest stands. After Tuesday's closing bell, NASDAQ released its bi-monthly update on this important item. For the first half of July, Tesla short interest came down by more than 3.6 million shares to less than 23.5 million shares. As you can see in the chart below, the number of shares short is near its lowest point in a number of years.Tesla Short Interest (NASDAQ)For a lot of investors, a headline like \"most shorted\" would make them believe that a massive short squeeze could be possible. However, this really isn't the case for Tesla today. The reason why is that even though there is a large dollar amount of shares short, the number of shares short is a very low percentage of Tesla's float and/or outstanding shares. If we use Yahoo! Finance data, just 2.72% of Tesla's float is short, which is a rather low number. When I've discussed short squeeze candidates over the years, I've been talking about names that have 20%, 30%, or more of their float short. That's where Tesla was years ago, but it is not anywhere close to being there anymore.In a similar way, Tesla's days to cover ratio has been under 1 at many of the recent NASDAQ updates on short interest. This number is the number of days it would take all short sellers to cover their short positions, based on average trading volume in the stock. If you are looking for short squeeze candidates, a day to cover ratio in the high single digits or even double digits is worth a look, but less than 1 like at Tesla doesn't help this argument.In fact, I ran a stock screener on Finviz for S&P 500 companies to see where Tesla stands. It turns out that Tesla was only the 112th most shorted name in this major index in terms of percentage of float short. Finviz also has a lower float number for Tesla than Yahoo does, and it may not yet have Tuesday's drop in short interest updated yet. If I use the 2.72% of float figure based on Yahoo data, Tesla drops another roughly 20 spots, meaning it's not even in the top quarter of S&P 500 names in terms of short percentage of float.I bring up the idea of a potential short squeeze here today because of the upcoming stock split. Tesla bulls like Gary Black, who manages the Future Fund Active ETF (FFND) with Tesla as its largest holding, has the split on his catalyst list as seen in the graphic below. When Tesla split last time in 2020, shares rocketed higher, and a number of bulls are hoping for a repeat of that situation this year.Tesla Catalysts (Gary Black Twitter)A couple of months ago, I warned investors not to expect the same results this time around for this upcoming stock split. You have a much higher market cap this year, and there is no major catalyst like the S&P 500 inclusion to really help out. Additionally, short interest has actually decreased by more than 2.15 million shares since I last discussed this item, with the percentage of float short down by about 50 basis points. Tesla is even less of a short squeeze candidate than it was two or so months ago when I first discussed the stock split.Twitter (TWTR) investors are set to vote on Elon Musk's proposed buyout on September 13th, while Elon's legal team and Twitter's lawyers are currently fighting over the date for their October trial regarding the CEO's attempt to back out of the deal. The potential purchase has caused an overhang on Tesla shares for a couple of months, as investors wonder whether Elon Musk will need to sell any additional shares to fund the purchase.As for Tesla shares, they closed a little under $777 on Tuesday, so they've lost a bit of their post-earnings gains. In the past couple of weeks, we've seen the average price target on the street rise by about $20 to more than $911 per share, implying a decent upside from here. However, that target is down about $100 from where it was a little more than three months ago. As the chart below shows, the stock is currently stuck between its two key moving averages. The good news for investors is that the 50-day (purple line) is starting to rise again, which could provide some support, but the stock remains well below its 200-day moving average (orange line).Tesla Last 6 Months (Yahoo! Finance)In the end, recent headlines have talked about Tesla being the most shorted name out there, but that doesn't tell the entire story. The electric vehicle maker has the highest amount of dollars bet against it in today's market, but it's not a highly shorted name in terms of days to cover or percentage of float. As a result, investors looking for a short squeeze are likely to be disappointed, especially with the number of shares short close to multi-year lows. The upcoming stock split may help the stock a little, but for a repeat of the 2020 surge to occur, investors are going to need a lot more bullish catalysts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040352663,"gmtCreate":1655612465052,"gmtModify":1676535671842,"author":{"id":"4092878153691720","authorId":"4092878153691720","name":"sham0","avatar":"https://static.itradeup.com/news/4041e7de9ecaac0c2c0d1a8e019d4605","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040352663","repostId":"2244469484","repostType":2,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
