Topic starter
August 21, 2023 8:00 PM
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.
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🌊 Ocean One #469 | Night Drive | Black Abyss Plus | 22” F3b SlipStreams
Maliblu reacted
Topic starter
August 21, 2023 8:11 PM
Explore Fiskerati for the latest Fisker news, reviews, and analysis.
Reserve your Fisker Ocean, PEAR, Alaska, or Ronin at https://fiskerinc.com/reserve using referral code DDK87H.
🌊 Ocean One #469 | Night Drive | Black Abyss Plus | 22” F3b SlipStreams
August 22, 2023 4:05 AM
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).
August 22, 2023 9:20 AM
Vinfast jumped 122% today. Short interest appears to be even higher but data not available. No options available for trade.
August 22, 2023 10:26 AM
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!