Fisker Short Interest Hits All-Time High
Fisker has taken the lead as the most heavily shorted stock on Wall Street, as reported by MarketWatch's list of stocks with the highest short interest. Regrettably, as of July 31, 2023, the stock's short interest stands at a substantial 44.75%, as indicated on the MarketWatch website. This amounts to 85,806,717 shares that have been shorted out of a total of 191,736,867 shares. Fintel's data aligns with this trend, reporting a similar short interest percentage of 45.77%. Furthermore, there seems to be an estimated 15.33 days required to cover these short positions, as per Fintel's data. As of today, Fisker stock closed at $5.63/share.
It's not very suprising considering so many missteps. Still, very risky business to be short in such amount to make 5 bucks at most while some other sharks smelling too (easily transitioning from killer to be killed).
Vinfast jumped 122% today. Short interest appears to be even higher but data not available. No options available for trade.
I doubt it's high short interest since it only started trading. Is the never coming FSR short squeeze effect?
It's rather the low float that gives excellent opoortunity for some hype and visibility for the owners (look how rich I am!) and exposure for the brand. Rivian 2.0!